MANILA -- The Philippine gross domestic product grew by 5.7% in the January-March period, anchored by household spending and exports, but slower growth ahead is feared due to accelerating inflation and high interest rates.
Inflation, up for third consecutive month, hampers 2024 growth prospects
Food prices have risen in Philippine fresh markets as El Nino hurts agriculture. © Reuters
MANILA -- The Philippine gross domestic product grew by 5.7% in the January-March period, anchored by household spending and exports, but slower growth ahead is feared due to accelerating inflation and high interest rates.