Philippine economy rebounds with 5.9% growth in Q3 2023

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Philippine economy rebounds with 5.9% growth in Q3 2023
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The Philippine economy is back on track in the third quarter of 2023 after a slower second quarter, according to the Philippine Statistics Authority.

— The Philippine economy is back on track in the third quarter of 2023 after a slower second quarter, according to the Philippine Statistics Authority .

He added that the Philippines outperformed other major emerging Asian economies. Third-quarter 2023 GDP growth rates for Vietnam, Indonesia China, and Malaysia stood at 5.3%, 4.9%, 4.9%, and 3.3%, respectively. In a time marked by a growing focus on sustainability, the task of addressing pollution, particularly in urban areas, stands...

The country’s farm production declined by 0.3 percent in the third quarter, as the crops and fisheries sectors recorded... Union Bank of the Philippines aims to grow its loan disbursements to small and medium enterprises by a hefty 30 percent...

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