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Philippines: Economy avoids return to recession in Q3 despite new lockdowns

MANILA, Philippines (Update 1, 12:12 p.m.) — Renewed lockdowns meant to arrest a surge fueled by the Delta variant tempered growth in the third quarter, although the economy avoided a contraction after the government changed tack and imposed less damaging restrictions. Gross domestic product, or the sum of all goods and services created in an economy, grew 7.1% year-on-year […]

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