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Philippines Q2 growth disappoints as inflation, high interest rates bite

MANILA: The Philippine economy grew at its slowest pace in nearly 12 years in the second quarter as high inflation and interest rates hurt consumer demand, reducing pressure on the central bank to tighten monetary policy. Gross domestic product (GDP) rose 4.3 per cent in April to June from the same period
Bangko Sentral Nicholas Mapa Arsenio Balisacan Economic Planning Secretary Arsenio Balisacan

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