News Snapshot:
THE Philippine economy expanded by 7.2 percent in the last quarter of 2022, the government reported on Thursday, bringing full-year gross domestic product (GDP) growth to an above-target 7.6 percent. "[G]rowth remains robust as the government continues to intensify its efforts to restore the economy to its high-growth trajectory, creating more and better-quality jobs and speeding up poverty reduction," Socioeconomic Planning Secretary Aresenio Balisacan said in a press briefing. A contraction for the agricultural, fisheries, and forestry sectors — expected following a devastating storm in November — slowed GDP growth during the quarter from July-September's 7.6 percent. The 7.2-percent result...
