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Philippine GDP likely grew 2.6% in Q2, says UA&P
THE PHILIPPINE ECONOMY is expected to have further slowed in the second quarter, as gross domestic product (GDP) growth likely eased to 2.6% due to elevated inflation and weaker domestic demand, the University of Asia and the Pacific (UA&P) said. “The Philippine economy is posting early signs of recovery momentum, but the outlook remains constrained by elevated inflation and weaker domestic demand,” UA&P said in its latest The Market Call report. [...]