The Philippines' economy advanced at a solid pace in the fourth quarter, underpinned by robust household consumption despite rising inflationary pressures and increased borrowing costs, data from the Philippine Statistics Authority showed on Thursday.
Gross domestic product showed a yearly growth of 7.2 percent after rising 7.6 percent a quarter ago. The pace of growth was forecast to ease to 6.5 percent. Moreover, this was the seventh straight quarter of expansion.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.