The Philippine economy grew stronger than expected in the first quarter, officials said Thursday, as the lifting of Covid-19 restrictions and the start of the election campaign season ignited consumer spending. Gross domestic product expanded by 8.3 percent, compared with a 3.8 percent contraction in the same period last year, the Philippine Statistics Authority said. That beat expectations for 6.7 percent growth and “surpassed the pre-pandemic gross domestic product”, President Rodrigo Duterte’s economic team said. […]
Philippine economy grows in Q1 as Covid rules lifted
