MANILA, Philippines—As gross domestic product (GDP) grew by 7.6 percent in 2022, economic officials expressed confidence that the Philippines will stay on a high-growth trajectory. The economy grew by 7.2 percent in the last quarter of 2022, resulting in a 46-year-high full year growth, which Malacañang said was because of President Ferdinand “Bongbong” Marcos Jr.’s … Continue reading Plunging consumer spending is writing on the wall for PH GDP