Philippine Economy Grows 2.1% in Q3, Missing Forecasts
Economy

Philippine Economy Grows 2.1% in Q3, Missing Forecasts

The Philippine economy grew 2.1% in the third quarter year-on-year, missing forecasts, the statistics agency reported Monday, indicating a slowdown in economic momentum.

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  • Philippine Economy Slows to 2.1% Growth in Q3 2026 Amid High Inflation and Weak Investment

    The Philippine economy grew by 2.1% in the third quarter of 2026, a slowdown from the 2.4% expansion in the previous quarter. High food and energy prices, agricultural disruptions, and weak investment were cited as the main drivers.

  • Philippine Economy Slows to 2.1% Growth in Q3

    Philippine economic growth weakened to 2.1% in the third quarter of 2026, down from 2.4% in the previous quarter. Contractions in agriculture and stagnation in industry weighed on the economy, with services and remittances being the main drivers. Weak investment continues to hinder growth.

  • Philippine Economy Slows Further to 2.1% in Q3 2026

    The Philippine economy's growth further decelerated to 2.1% year-on-year in the third quarter of 2026, marking its weakest performance since 2009 (excluding pandemic years). Weak consumer spending due to inflation and sluggish private investment are impacting the economy, making it challenging for the government to meet its annual growth targets.

  • Philippine Farm Output Value Dips 5% in Q3 2026

    The value of the Philippines' agricultural and fisheries production declined by 5% to P389.42 billion in the third quarter of 2026 compared to the same period last year, according to the Philippine Statistics Authority (PSA). Crop and fisheries production saw significant drops, attributed to factors like El Niño and high fertilizer costs.