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PH Economy Grows By 5.2% In The Third Quarter.
Hey there,
Today is November 9. In today's edition, we'll cover the PH economy grows by 5.2% in the third quarter.
Lets dive in…
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Philippines
5.2% IS THIS ENOUGH?
The Philippines economy grew 5.2 percent in the third quarter of the year, slower than the previous quarter's 6.4 percent growth.
The reason?
During the third quarter, the country experienced weather disruptions that restricted various sectors from moving. The GDP fell below the government's target for the year, which is 6 to 7%.
But is this enough??
NEDA secretary Arsenio Baliscan said the economy needs to grow by 6.5% in the last quarter of the year to achieve the administration growth target. The construction industry contributed 9% of the growth.
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