Markets
Philippine central bank governor says Q2 growth number is disappointing
- The Philippine economy grew 2.3% in the second quarter from a year earlier, its weakest pace since 2021
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MANILA: Philippine central bank Governor Eli Remolona said on Friday that the most recent economic growth number was disappointing, but “it is not that bad”.
The Philippine economy grew 2.3% in the second quarter from a year earlier, its weakest pace since 2021, due to a slump in construction and softer domestic demand.