The Philippine economy expanded 6.3 percent in the second quarter of 2024, faster than the adjusted 5.8-percent growth recorded in the first quarter.
This brought the country’s gross domestic product (GDP) growth to 6.0 percent in the first half of the year.
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This keeps the country on track to achieving its target growth rate of 6 percent to 7 percent for 2024, as confirmed by the Development Budget Coordination Committee.