The Philippine economy registered a faster-than-expected growth in the first quarter as the Omicron wave faded and the relaxation of pandemic restrictions boosted a broad-based recovery, data published by the Philippine Statistics Authority showed Thursday.
Gross domestic product grew 8.3 percent from the last year, while the rate was forecast to ease to 6.6 percent from 7.8 percent in the fourth quarter.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.