Q4 GDP growth at 5.2%, as typhoon-battered farm sector shrinks

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Q4 GDP growth at 5.2%, as typhoon-battered farm sector shrinks - Business Mirror

Quick Summary:

AS the farm sector, badly beaten by serial typhoons, contracted, the economy again disappointed by posting a growth of 5.2 percent in the last quarter of 2024, the Philippine Statistics Authority (PSA) reported on Thursday.

However, Agriculture, forestry, and fishing (AFF) posted a year-on-year decline of 1.8 percent.

Q4 GDP growth at 5.Q4 GDP growth at 5.2%, as typhoon-battered farm sector shrinks File photo shows farmers in Pulilan, Bulacan, drying their rice harvest in a field after a typhoon battered the country, causing the rice to get wet.