Economic growth slowed in 2023, missed gov’t target

MANILA —The Philippine economy grew 5.6 percent year-on-year in 2023, slower than the 7.6 percent expansion in 2022, the Philippine Statistics Authority (PSA) reported Monday. This means the Marcos administration failed to hit its growth target of 6 to 7 percent for last year. “While this growth is below our target, it keeps us in
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