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Al Jazeera
Al Jazeera
Business

Philippine economy grows 7.4 percent, slowing from Q1

Economy Arsenio Balisacan
The Philippines’s economy grew 7.4 percent during the April-June period [File: Romeo Ranoco/Reuters]

The Philippines’s economy grew 7.4 percent during the April-June quarter, fuelling expectations of interest rate hikes to cool soaring prices in the archipelago.

The second-quarter results fell short of market forecasts and the 8.2 percent expansion in gross domestic product (GDP) recorded between January and March.

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