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Economy

Philippine economy expands at slowest pace in four years

Slowdown in first quarter bolsters view for interest rate cut

A market stall in Manila. Calls to cut interest rates have grown as inflation has returned to the central bank's 2% to 4% target range after six straight months of easing consumer prices.   © Reuters

MANILA -- The Philippine economy grew 5.6% in the first quarter of 2019, missing the government's target as a budget impasse at the start of the year weighed on the country's overall output.

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