Manila - The Philippines' economic growth slowed down to 4.6 per cent in 2008 as the country began to feel the impact of the global economic crisis, the government said Thursday.
The 2008 gross domestic growth (GDP) was down from 7.2 per cent posted in 2007, a three-decade high, according to the National Statistical Coordination Board
(NSCB).
The country's gross national product (GNP), which includes remittances from Filipinos abroad, grew 6.1 per cent in 2008, down from 8 per cent the previous year.