Philippines' GDP accelerates to 6.3% despite 'anemic' consumption

Double-digit rise in government spending pushes Q2 growth to fastest in 5 quarters

20240807 Philippines construction site Manila

A worker installs steel rods at a construction site in Paranaque, a city in Metro Manila. © Reuters

RAMON ROYANDOYAN, Nikkei staff writer

MANILA -- The Philippines' gross domestic product expanded by 6.3% in the second quarter as the government lifted spending, but headwinds such as inflation remain.

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