The Philippine economy posted a 7.6% year-on-year (Y-o-Y) growth in the Gross Domestic Product (GDP) for the third quarter of 2022. This is the sixth consecutive period of recorded GDP growth since the second quarter of 2021. Similarly, quarter-on-quarter (Q-o-Q) comparison shows a 2.9% expansion in the third quarter vis-à-vis its preceding period.
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