PH economy expands 7.6% in 2022
- last year
Filipinos have not let high inflation rate stop them from spending in 2022, as the Philippine Statistics Authority (PSA) reports that the country’s economic growth performed better than expected last year to a record growth in more than four decades due to revenge spending.
The economy, as measured by the country’s gross domestic product (GDP), expanded by 7.6 percent from January to December, hitting its highest level in more than four decades or since the 8.8 percent in 1978, the PSA reported Thursday, Jan. 26.
READ MORE: https://mb.com.ph/2023/01/26/ph-economy-expands-7-6-in-2022/
The economy, as measured by the country’s gross domestic product (GDP), expanded by 7.6 percent from January to December, hitting its highest level in more than four decades or since the 8.8 percent in 1978, the PSA reported Thursday, Jan. 26.
READ MORE: https://mb.com.ph/2023/01/26/ph-economy-expands-7-6-in-2022/