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Philippines Monthly Economic Developments (May 2022) (英语)

Recovering domestic demand and a supportive external environment drove the 8.3 percent growth in the first quarter of 2022. The industry and services sectors expanded on the back of loosening mobility restrictions, but agriculture grew tepidly due to the impact of several typhoons. The labor market has also recovered with higher employment in March. In April, rising food and energy prices pushed inflation beyond the 2-4 percent target range. The authorities...
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