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Philippine economy grows by 5 7% in Q1 2024, below expectations rappler.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rappler.com Daily Mail and Mail on Sunday newspapers.
ECONOMIC growth could have improved to 5.8 percent or as much as 6.3 percent in the first quarter, a Cabinet official said, amid renewed inflationary fears and heightened geopolitical tensions.
RISING food and energy costs, along with a weaker peso, may have driven inflation past the 2.0- to 4.0-percent target last month, the Bangko Sentral ng Pilipinas (BSP) said.