MANILA -- The Philippine economy expanded 7.6% last year, surpassing the government's target as domestic consumption remained resilient despite soaring inflation.
Economy
Philippines' GDP growth accelerated to 7.6% in 2022
But expansion for final quarter of year slowed to 7.2%
A public market in Manila in December. The Philippine economy grew 7.6% in 2022, exceeding the government's target. © Reuters
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