Philippine economy grows faster by 7.6% in Q3 2022

Photo from Canva.

By GMA News

The Philippine economy accelerated in the third quarter of the year — the first quarter of the Marcos administration — despite a high inflation environment, the Philippine Statistics Authority (PSA) reported on Thursday.

The economy as measured by gross domestic product (GDP) — the total value of goods and services produced in a specific period — grew by 7.6% during the July to September period, faster than the upwardly adjusted 7.5% GDP growth in the second quarter of 2022.

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