PH economy growth slows; GDP at 6% in Q2

Amid a high inflation environment and a six-month drop in exports, the Philippine economy’s growth slowed to 6 percent in the second quarter, below the full-year target, the government reported Thursday.

Philippine Statistics Authority (PSA) data showed that the gross domestic product (GDP) was slower than the 6.6 percent in the first quarter and 6.7 percent in the second quarter of last year.

The government targets 7-8 percent GDP growth in 2018.   /kga