top of page
  • Writer's pictureZiggurat Realestatecorp

Philippines' GDP growth accelerated to 7.6% in 2022

But expansion for final quarter of year slowed to 7.2%


The Philippine economy expanded 7.6% last year, surpassing the government's target as domestic consumption remained resilient despite soaring inflation.


Government data released Thursday showed gross domestic product growth was faster than the 5.7% recorded in 2021 and narrowly exceeded the government's projection of 6.5% to 7.5%. The Philippines' performance is among the strongest in the region and comes as President Ferdinand Marcos Jr. bids to attract foreign investors.


Source: Nikkei

1 view0 comments

Comments


Commenting has been turned off.
bottom of page