ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Philippines GDP growth slows to 7.1% in Q3 amid delta onslaught

Loosened COVID curbs set to boost economy in fourth quarter

A health worker walks out to get an oxygen tank for a COVID-19 patient in Quezon City, Metro Manila, Philippines, on August 20.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more