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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.