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Philippine economy grows 7.0% in July-September


The Philippine economy grew 7.0 percent in July-September, the government said Thursday, maintaining its robust clip before a deadly typhoon devastated the country this month.

"The domestic economy grew by 7.0 percent in the third quarter," Jose Albert, secretary-general of the National Statistical Coordination Board, told a news conference.

Gross domestic product growth in the first nine months stood at 7.4 percent, compared with 6.7 percent in the same period last year, Albert added.