The PSA, as scheduled, announced the latest economic data at 10 am. The agency is almost always on schedule in reporting economic data, giving financial markets plenty of room to anticipate the impact of data on trades and business deals.
Economic expansion in the third quarter puts the Philippines second in growth in Southeast Asia, behind Vietnam’s 13.7% and in front of Indonesia’s 5.7%.Speaking before the business executives during the early morning meeting, Marcos said that while inflation “continues to be a concern,” other figures are more encouraging – including the country’s“And so it looks like the route that we have taken is taking the economy in the right direction.
“I do not talk about recovery of the economy, I talk about transformation of the economy because the new economy is going to be different from everything that we did in 2019,” he told the business executives.
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