{"id":132739,"date":"2023-05-18T05:31:03","date_gmt":"2023-05-18T05:31:03","guid":{"rendered":"https:\/\/fin2me.com\/?p=132739"},"modified":"2023-05-18T05:31:03","modified_gmt":"2023-05-18T05:31:03","slug":"philippine-economic-growth-moderates-in-q1","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/","title":{"rendered":"Philippine Economic Growth Moderates In Q1"},"content":{"rendered":"

The Philippine economy<\/span> expanded at a slower pace in the first quarter but remained strong on investment and household spending.<\/p>\n

Gross domestic product registered a slower growth of 6.4 percent after rising 7.1 percent in the fourth quarter of 2022, the Philippine Statistics Authority said Thursday. <\/p>\n

The latest rate was the weakest in the current sequence of growth that began in the second quarter of 2021 and also faster than the expected expansion of 6.1 percent. <\/p>\n

Quarter-on-quarter, the economy logged a faster than expected growth of 1.1 percent in the first quarter. GDP was forecast to climb 0.9 percent.<\/p>\n

On the demand side, household spending increased 6.3 percent annually, but weaker than the 7.0 percent rise a quarter ago. Meanwhile, growth in government consumption accelerated to 6.2 percent from 3.3 percent. <\/p>\n

Gross capital formation logged a double-digit increase of 12.2 percent, following a 3.8 percent rise. <\/p>\n

Exports of goods and services grew only 0.4 percent after a strong 14.6 percent increase. The growth in imports of goods and services slowed to 4.2 percent from 7.0 percent. <\/p>\n

ING economist Nicholas Mapa expects GDP to remain in expansion mode for the rest of the year, although the economy is bracing for a likely slowdown as the triple threat of high inflation, elevated borrowing costs and rising debt levels weigh on momentum.<\/p>\n

With inflation on the downtrend and growth showing signs of slowing, this will open the door for the central bank to pause and keep policy rates at 6.25 percent. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Philippine economy expanded at a slower pace in the first quarter but remained strong on investment and household spending. Gross domestic product registered a […]<\/p>\n","protected":false},"author":3,"featured_media":132738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nPhilippine Economic Growth Moderates In Q1 - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippine Economic Growth Moderates In Q1 - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The Philippine economy expanded at a slower pace in the first quarter but remained strong on investment and household spending. Gross domestic product registered a [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T05:31:03+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/05\/Philippine-Economic-Growth-Moderates-In-Q1-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/\",\"url\":\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/\",\"name\":\"Philippine Economic Growth Moderates In Q1 - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2023-05-18T05:31:03+00:00\",\"dateModified\":\"2023-05-18T05:31:03+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Philippine Economic Growth Moderates In Q1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Philippine Economic Growth Moderates In Q1 - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/","og_locale":"en_US","og_type":"article","og_title":"Philippine Economic Growth Moderates In Q1 - Fin2me","og_description":"The Philippine economy expanded at a slower pace in the first quarter but remained strong on investment and household spending. Gross domestic product registered a [...]","og_url":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/","og_site_name":"Fin2me","article_published_time":"2023-05-18T05:31:03+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/05\/Philippine-Economic-Growth-Moderates-In-Q1-.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/","url":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/","name":"Philippine Economic Growth Moderates In Q1 - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2023-05-18T05:31:03+00:00","dateModified":"2023-05-18T05:31:03+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/philippine-economic-growth-moderates-in-q1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Philippine Economic Growth Moderates In Q1"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/132739"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=132739"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/132739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/132738"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=132739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=132739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=132739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}