Marcos admin misses 2023 target with 5.6% GDP growth

MANILA, Philippines  —The Marcos administration failed to achieve its growth target last year after painfully high inflation held back economic growth to 5.6 percent year-on-year in 2023, a slowdown from the 7.6-percent expansion in 2022, the Philippine Statistics Authority (PSA) reported on Wednesday. Excluding the record economic meltdown at the height of the COVID-19 pandemic
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