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Philippine GDP Growth Beats Expectations In Q1

The Philippine economy registered a faster-than-expected growth in the first quarter as the Omicron wave faded and the relaxation of pandemic restrictions boosted a broad-based recovery, data published by the Philippine Statistics Authority showed Thursday. Gross domestic product grew 8.3 percent from the last year, while the rate was forecast to ease to 6.6 percent from 7.8 percent.
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