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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.

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