Advertisement
Advertisement
Advertisement
Advertisement
Philippine economy grows at 7.2% rate in Q4 2022, higher than expected

Philippine economy grows at 7.2% rate in Q4 2022, higher than expected

Philippine economy grows at 7.2% rate in Q4 2022, higher than expected

Philippine economy grows at 7.2% rate in Q4 2022, higher than expected

Advertisement
  • The Philippine economy grew 7.2% annually in the fourth quarter of last year.
  • GDB increased by 2.4% on a quarterly basis.
  • 2022’s growth was higher than that of 2021.
Advertisement

The statistics office said on Thursday that the Philippine economy expanded at an annual pace of 7.2% in the fourth quarter, surpassing estimates.

According to a poll of economists, the gross domestic product (GDP) was forecast to increase by 6.5% from a year earlier in the final three months of 2022. Growth in the third quarter was 7.6%.

On a quarterly basis, GDP increased by 2.4% from October to December, above forecasts of a 1.5% increase and the 2.9% growth of the prior quarter.

Growth in 2022 as a whole was 7.6%, higher than the government’s planned range of 6.5 to 7.5% and higher than the 5.7% growth in 2021.

Also Read

Philippines will close 175 foreign casinos
Philippines will close 175 foreign casinos

There was a campaign against the infamously murky online gaming market. The...

Advertisement
Advertisement
Read More News On

Catch all the World News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story