The Philippine economy grew by 5.7% in the first quarter of 2024, a rate that fell short of analysts' expectations and was lower than the 6.4% growth recorded in the same quarter of 2023. Despite challenges such as elevated inflation and interest rates, and weaker consumer spending, the economy still managed to expand faster than in the previous quarter. The government has also stated that geopolitical tensions with Beijing have not impacted the economy, and it remains open to collaboration with Chinese investors.
The Philippine economy grew at a faster pace in the first quarter of 2024 compared to the previous quarter, but the rate fell below expectations. PSA reports the country’s gross domestic product grew by 5.7% from January to March this year. Full story: https://t.co/Z8Vqpuztgo https://t.co/qb9Stmgnzr
Philippine economy grows by 5.7% in Q1 2024, below expectations https://t.co/4eEpmwvEcd
The Philippines says geopolitical tensions with Beijing have not affected the Southeast Asian nation’s economy and the government is still willing to work with Chinese investors. https://t.co/EQIkGcn9PM
The Philippines said geopolitical tensions with Beijing have not affected the Southeast Asian nation’s economy and the government is still willing to work with Chinese investors. https://t.co/e1eTHFztU2
Philippine economy grows less expected than on weaker consumer spending https://t.co/SWTdeKDzQr https://t.co/KwG7jS1ruV
JUST IN. The Philippine economy grew at a faster pace in the first quarter of 2024 compared to the previous three-month period despite elevated inflation and interest rates, but was below expectations. https://t.co/XmJhElTM5J
The Philippine economy kept its momentum in the first quarter, placing it on track to outdo Southeast Asian neighbors yet again https://t.co/SdgUUD8cow
BREAKING: Philippine economy expanded 5.7% in Q1 but headwinds persist https://t.co/UOF8zQxGfS
BREAKING: The Philippine economy grows by 5.7% in the first quarter of 2024, falling short of analysts’ expectations. This is also lower than the 6.4% growth posted in the same quarter in 2023. https://t.co/zHY9IdcRzh https://t.co/Fg8MGvMdKb
The Philippines is often an afterthought for investors: neither a giant like India nor a manufacturing superstar like Vietnam. But its economy has quietly been booming. What’s spurring this growth—and what could threaten it? https://t.co/WpT1ceYGdU 👇