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Philippine economic growth slows to 6% in April-June quarter

Tax increase, weakening peso and crude oil prices conspire against consumers

 Philippine government spending grew at a pace of more than 10% for a third consecutive quarter.   © Reuters

MANILA -- The Philippine economy in the April-June quarter grew a real 6% from a year earlier, slower than market forecasts, according to an announcement made on Thursday.

The market had expected the archipelago's gross domestic product to expand at a 6.8% clip.

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