Arya News - The Q3 decline marks the Philippines` fifth consecutive quarter of economic slowdown – as government spending and domestic demand remained weak amid pressures from the corruption scandal and Middle East war.
MANILA – The country’s economy slumped deeper to 2.1 percent in the third quarter of 2026 from 2.4 percent in the previous quarter, the Philippine Statistics Authority (PSA) reported on Monday.
This marked the fifth consecutive quarter of economic slowdown, as government spending and domestic demand remained weak amid pressures from the corruption scandal and Middle East war.
The latest print was lower than the 2.8-percent median estimate of 14 economists polled by the Inquirer.
Economic growth from January to September settled at 2.5 percent, still well below the Marcos administration’s 3.5- to 4.5-percent target.