Philippines' GDP growth slowed to 4.3% in Q2 on lower spending

Marcos administration hoping infrastructure projects will fuel growth

20230808 construction site Manila

A Manila construction site as a Cebu Pacific airplane flies overhead on July 5. © (EPA/Jiji)

ELLA HERMONIO, Nikkei staff writer

MANILA -- The Philippine economy grew by 4.3% year on year in the second quarter, but the pace decelerated for a third straight quarter amid slow government spending.

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