GDP grows 5.6%, falls short of target

By Luisa Maria Jacinta C. Jocson, Reporter THE Philippine economy grew by 5.6% in 2023, falling short of the government’s full-year target as state spending and exports declined and high interest rates dampened consumption. Data from the Philippine Statistics Authority (PSA) showed that gross domestic product (GDP) in 2023 was much slower than the 7.6% … Continue reading GDP grows 5.6%, falls short of target