growth factor Philippines

Philippine GDP Hits 5.2% in Q4 2024, Misses Target

The Philippines' gross domestic product (GDP) grew by 5.2 percent in the fourth quarter of 2024, according to the Philippine Statistics Authority (PSA). This figure was announced on Thursday, highlighting a slower-than-expected economic expansion. For the entire year of 2024, the country’s GDP growth reached 5.6 percent, falling below the government’s revised target range of 6 to 6.5 percent. Initially, the target was set at 6 […]