MANILA -- The Philippine economy grew 6.4% year on year in the first quarter, the slowest pace in two years as high inflation hurt consumption, the nation's statistics agency reported on Thursday.
Economy
Philippines' economic growth slows to 6.4% in Q1 as inflation bites
Stubbornly high inflation weighs on consumption
Shoppers look at flowers at Dangwa Flower Market in Manila on February 13. (Photo by Josefiel Rivera/SOPA Images/LightRocket via Getty Images) © Getty Images
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