By Justine Irish D. Tabile, Senior Reporter
THE PHILIPPINE ECONOMY posted its slowest growth since the pandemic in the third quarter, extending its slowdown to five straight quarters amid sluggish household consumption, lower agricultural output and muted investments, the Philippine Statistics Authority reported on Monday.
Gross domestic product (GDP) expanded by just 2.1% year on year in the July-to-September period, slowing from 4% in the same period last year and the revised 2.4% in the second quarter.
The third-quarter print was below the median GDP growth estimate of 2.7% in a BusinessWorld poll of 16 economists and analysts conducted last week.
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