Manila - The Philippines' economic growth slowed to 4.6 per cent in the second quarter of 2008, dragged down by high inflation, the government said Thursday.
Growth in the gross domestic product (GDP) from April to June was down from 8.3 per cent in the same period last year, the National Statistical Coordination Board said.
The gross national product (GNP), which includes income from abroad, such as remittances by overseas Filipinos, grew by 5.5 per cent, compared with 9.8 per cent in 2007, the board said.
"The high inflation regime that prevailed during the second quarter ... took its toll on the Philippine economy," it said in a statement.