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Economy

Philippines' GDP grows 11.8% in Q2, ending recession

New lockdown to fight delta variant threatens economic rebound

Filipinos wait at a checkpoint outside the city of Marikina during a tightened coronavirus lockdown on Aug. 6.   © AP

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.

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