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Philippines revises Q2 GDP growth upward to 2.4%

Investing.com · ·by G4L

  1. 1The Philippine Statistics Authority revised the Q2 GDP growth rate (year-on-year) upward to 2.4%.
  2. 2This figure is higher than the previously announced Q2 GDP growth rate (year-on-year) of 2.3%.
  3. 3The Philippine Statistics Authority is scheduled to announce Q3 growth figures on Monday, November 9.

So what's the key point?

The economic growth rate for the Philippines in the second quarter was recalculated to 2.4%, which is higher than the previous figure. This means the economy grew more than expected.

Source Investing.com · View original ↗

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