MANILA -- The Philippine economy expanded by 5.5% in the second quarter, anchored by spending for May's midterm elections that lifted household and government consumption.
Economy
Philippine midterms, trade front-loading help 2nd-quarter GDP expand 5.5%
Analysts expect global headwinds to weigh on output in second half of year
Voters cast their ballots at a Manila polling station in the Philippines' midterm elections on May 12. The campaign was a significant contributor to the country achieving GDP growth of 5.5%. (Photo by Suzu Takahashi)
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