The Philippine economy posted a 7.1% year-on-year (Y-o-Y) growth in its Gross Domestic Product (GDP) for the third quarter of 2021, as reported by the Philippine Statistics Authority (PSA). Similarly, quarter-on-quarter (Q-o-Q) comparison shows a 3.8% rebound from the second quarter of 2021, a reversal from the quarterly deceleration since the third quarter of 2020.
