Economic growth slowed to 5.2%

Nov 08, 2024 12:15 am

SUBDUED household and government consumption slowed economic growth to 5.2 percent in the third quarter of 2024, the Philippine Statistics Authority (PSA) said on Thursday.

The result was markedly down from the revised 6.4 percent in the previous three months and the 6.0 percent posted in the same quarter in 2023. It was also lower than the 5.7 percent median in a Manila Times poll of economists.

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