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Economy

Philippines' GDP grows 11.8% in Q2, ending recession

New lockdown to fight delta variant threatens economic rebound

MANILA -- The Philippine economy grew 11.8% year-on-year in the second quarter, the country's statistics agency reported on Tuesday, marking the end of a pandemic-induced recession that spanned 15 months.

But the ongoing lockdown in the country's capital aimed at fighting the spread of the delta variant, which has pushed up daily COVID-19 infection numbers, could complicate the outlook for the second half of year, analysts said.

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