PH GDP Grows 5.5% in 2nd Quarter

The Philippines posted a 5.5% growth in economy this Second Quarter.

With this growth in the second quarter, it kept the country’s momentum as one of the fastest growing economies in Asia. 

All major economic sectors, namely agriculture, forestry, and fishing, industry, and services posted year-on-year growths, according to the Philippine Statistics Authority.

The growth signals the Administration’s desire for the Philippines to be an upper middle income country by 2030.

Despite the growing economy, the gap between the rich and the poor is still wide. Millions are still unemployed and hungry, better services are needed to address those issues.