Philippine central bank says economy remains resilient
MANILA, Dec. 1 (Xinhua) -- The Philippine central bank on Thursday underscored the resilience of the country's economy after its gross domestic product (GDP) grew by 7.6 percent during the third quarter of 2022.
The robust expansion recorded for the third quarter "places the Philippines in a strong position to meet its target GDP growth rate of 6.5 to 7.5 percent this year," said Bangko Sentral ng Pilipinas (BSP