Tag: growth
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Economic growth likely faster in Q1
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PHILIPPINE economic growth likely picked up in the first quarter from the prior three-month period amid strong private consumption and government spending, but elevated inflation and interest rates could have hampered expansion, analysts said.
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Q1 GDP growth may miss target
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THE PHILIPPINE economy likely continued its growth momentum in the first quarter, although this may fall short of the government’s target, GlobalSource Partners said. “The first quarter is likely to sustain positive economic growth which may not necessarily approximate the official target of 6-7% for at least the first quarter…
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PHL vehicle sales growth slows in March
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By Justine Irish D. Tabile, Reporter PHILIPPINE AUTOMOTIVE sales rose by 1.6% to 37,474 units in March, the slowest in over two years amid elevated interest rates, an industry report showed. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA)…
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Rate cut delays seen to slow growth
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HIGHER FOR LONGER interest rates will keep inflation at bay but at the cost of slower economic growth, analysts said.