A sales assistant arranges fruit at the fresh produce section in the supermarket at the SM City Bacoor shopping mall in Bacoor, Cavite province, the Philippines. The Philippine economy grew 11.8 per cent year-on-year in the second quarter this year, ending five straight quarters of decline in gross domestic product (GDP). - Bloomberg
MANILA, Aug 23 (Xinhua): The Philippine economy grew 11.8 per cent year-on-year in the second quarter this year, ending five straight quarters of decline in gross domestic product (GDP).
The administration of President Rodrigo Duterte claimed credit for the strongest growth since the fourth quarter of 1988, highlighting its balanced efforts in tackling COVID-19 and boosting jobs and incomes.
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