Oil price shock limits Q1 GDP growth to 2.8%

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Originally published byPhilippine Daily Inquirer

MANILA, Philippines — Hit by a double whammy of Middle East oil price shock and lingering graft probe constraints, Philippine economic growth softened to 2.8 percent in the first quarter, the weakest pace seen after the Covid-19 pandemic. The latest gross domestic product (GDP) growth print further slowed down from 3 percent in the fourth […]...

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