A cold shower for the Philippines

A cold shower for the Philippines

Latest numbers from the Philippine Statistics Authority (PSA) serve as a reality check for the Marcos administration, which has been promising a new economic era.The economy grew by just 2.8 percent in the first quarter of the year, a cold shower for a country recently touted as a regional leader. To put that in perspective, this is the slowest pace of growth since the height of the pandemic lockdowns. Just a year ago, the country was clipping a…