Philippine GDP Growth Revised Up to 2.4% for Q2 2026, Still Weakest Since Pandemic
Economy

Philippine GDP Growth Revised Up to 2.4% for Q2 2026, Still Weakest Since Pandemic

The Philippine economy recorded a GDP growth of 2.4% in the second quarter of 2026, revised upwards from initial forecasts. However, this figure remains the weakest growth rate since the COVID-19 pandemic, indicating a slow recovery.

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  • 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.

  • Philippines Q2 GDP Revised Upward to 2.4%, Still Below Target

    The Philippines' Gross Domestic Product (GDP) growth for the second quarter has been revised upward to 2.4% from a preliminary 2.3%. However, the first-half average remains at 2.6%, falling short of the government's annual target of 3.5% to 4.5%. A slowdown to around 2% is projected for the third quarter, with a rebound anticipated by year-end due to holiday spending.

  • Philippine Economy Seen Accelerating in Q3 on Spending Pickup

    The Philippine economy is projected to accelerate to 2.8% growth in the third quarter, driven by improving consumer spending and government expenditures. However, persistent weakness in domestic demand remains a concern.

  • Philippines Q2 GDP Revised Upwards to 2.4%

    The Philippine statistics agency announced on Friday that the second quarter economic growth has been revised upwards to 2.4% from the previously reported 2.3%. Growth figures for the third quarter are scheduled for release on November 9.