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Philippines GDP growth rate decelerates to 4 3% in 2nd quarter

Softening inflation keeps BSP rate pause stance flexible

Softening inflation keeps BSP rate pause stance flexible
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VERA FILES FACT CHECK: Marcos report on 6 4% GDP growth rate in SONA needs context

Philippine Statistics Authority national statistician Claire Dennis Mapa reported on May 11 that the 6.4% GDP growth in the first quarter of 2023 was “the lowest growth registered after seven quarters when the country started to recover from the pandemic in the second quarter of 2021.”

Production key vs inflation: Marcos

MANILA: President Ferdinand “Bongbong” Marcos Jr. on Wednesday said his administration will continue to try to keep the country’s inflation rate down as he looks at “increased production” as the key to reaching this goal.    “We will try, of course, to continue to bring it down but that requires our success in increasing our production, making it more efficient and again the value chain that I’m always talking about ad infinitum but it’s really the answer,” Marcos told reporters.

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