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PH economic growth higher than peers’ – World Bank

The World Bank, in its Philippine Economic Update (PEU) for June 2023, reported that the country’s economy expanded by 6.4% year-on-year (yoy) in Q1 2023, higher than the growth of regional peers such as Malaysia (5.6%) Indonesia (5.0%), Vietnam (3.3%, and Thailand (2.7%). The report said that the continued release of pent-up demand, improved employment […]