MANILA -- The Philippines' economic recovery slowed in the third quarter due to a tightening of movement restrictions to combat a delta variant-driven surge in COVID-19 infections.
Gross domestic product expanded 7.1% on an annual basis in the July-September period, the Philippine Statistics Authority reported on Tuesday. This compares to an 11.6% contraction in the same period of 2020 year, and 12.0% growth in the quarter ended June when the country emerged from a five-quarter recession.
