Philippines Q2 GDP Revised Up to 2.4%

Philippine economic growth in the second quarter was revised upwards to 2.4 percent from the previously reported 2.3 percent. The statistics agency announced the revision ahead of third quarter growth figures scheduled for release on Monday.

FILE PHOTO: General view of traffic along EDSA, a major highway in Manila, Philippines, July 11, 2023. REUTERS/Eloisa Lopez/File Photo

Philippines revised its second-quarter GDP growth upwards to 2.4% from the previously reported 2.3%, government data showed on Friday morning. The upward revision follows initial data releases from the country's statistics agency earlier in the year. The revised figure offers investors a slightly brighter picture of economic momentum ahead of upcoming data releases.