Philippines sustains growth but inflation a threat

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  The Philippines’ economic growth slowed in the second quarter, officials said Tuesday, as they warned that surging inflation and the coronavirus pandemic would weigh on the outlook for the rest of the year. Gross domestic product rose 7.4 percent, slightly weaker than the 7.5 percent expected and down from 8.2 percent in the previous three months, Economic Planning Secretary Arsenio Balisacan told reporters. “We’re likely to face challenges indeed in sustaining that growth,” he […]