How does Philippine sectoral debt as share of GDP stand along with other emerging markets in Asia in Q2?
The Philippines’ total debt inched up by 6% to $452.49 billion in the second quarter this year from $426.79 billion reported in the same period in 2022, latest data from the Global Debt Monitor of the Institute of International Finance (IIF) showed. Sectoral breakdown of the country’s debt and presented as share of the gross domestic product (GDP) shows a slowdown across the four sectors.
