Philippines GDP Q1

Philippines Q1 GDP Growth Hits 5.9%: Poll

The Philippine economy likely accelerated in Q1 2024, overcoming tariff-related external challenges through robust domestic drivers. Notably, stable inflation and surging consumer spending appear to have offset international trade pressures, according to analysts. While export tariffs created headwinds, the economy's domestic fundamentals — particularly consumer spending and stable prices — provided critical ballast," noted one […]