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The Philippine economy grew 2.1% year over year in the third quarter as higher inflation weighed on household spending. The slowdown raises doubts that the government will meet its already reduced growth target for the year.
Weaker household spending can constrain domestic food and feed demand, although the article provides no specific evidence of a change in feed use. Slower growth may also weigh on the peso and increase import costs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.