Manila - The Philippines' economic growth slowed down in the third quarter of 2008, expanding by only 4.6 per cent from 7.1 per cent a year ago, the government said Thursday.
The third quarter performance brought the average gross domestic product (GDP) growth in the first nine months to 4.6 per cent, according to the National Statistical Coordination Board (NSCB).
Gross national product, which includes income from abroad, including remittances of overseas Filipinos, expanded only 6.5 per cent in the July-September period from 9.1 per cent a year ago.