Philippine GDP Grows Faster Than Expected in Third Quarter

11/09/2023 12:10
Philippine GDP Grows Faster Than Expected in Third Quarter

The Philippine economy grew faster than expected in the third quarter, thanks to a boost from state spending that’s put the nation back on track to post Southeast Asia’s quickest expansion this year.

The Philippine economy grew faster than expected in the third quarter, thanks to a boost from state spending that’s put the nation back on track to post Southeast Asia’s quickest expansion this year.

Gross domestic product in the three months through September rose 5.9% from a year earlier, the Philippine Statistics Authority said Thursday.

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