Philippines: Stagflation Fears Loom as Economic Chief Urges Patience Until Year-End
The Philippine economy shows signs of stagflation with slowing GDP growth, rising inflation, and increasing unemployment. However, the chief economist urges caution, stating it's too early to conclude and expresses optimism for a stronger fourth quarter.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Wilcon Holdings Inc. Sees Profit Squeeze Amid Weakening Demand, Rising Costs
Wilcon Holdings Inc., a leading building materials retailer in the Philippines, reported a 22.1% year-on-year decline in net income to P548 million for the third quarter of 2026. The company's same-store sales turned negative during the quarter, impacted by inflation and subdued consumer spending.
- Converge Q3 Earnings Dip, Enterprise Business Cushions Inflation Hit on Prepaid Fiber
Philippine telco Converge ICT Solutions saw its third-quarter 2026 net income fall 12% year-on-year, as its enterprise segment's 35% growth cushioned a slowdown in its residential business, which remains affected by inflation-driven weak household spending. Rising costs also pressured margins.
- Cordillera Farmers Protest High Costs, Low Prices, Farm Imports in Metro Manila
Vegetable farmers from the Cordillera region mobilized in Metro Manila for a two-day protest, voicing grievances over soaring production costs, low farmgate prices, and agricultural imports. They seek to submit petitions and demand government support.
- Maharlika Fund Unfazed by GDP Slowdown, Sticks to Investment Strategy
The Maharlika Investment Corporation (MIC) stated that a slowdown in economic growth will not affect its investment strategy, emphasizing a continued focus on infrastructure and development needs despite the country's GDP growth falling below government targets.