Philippine GDP growth slows to 2.8% in first quarter

MANILA, Philippines — The local economy grew at a slower pace of 2.8 percent in the first quarter as the oil shock from the Middle East war added to pressures from a major infrastructure graft scandal. The first-quarter gross domestic product (GDP) growth, which the Philippine Statistics Authority (PSA) reported on Thursday, further weakened from 3-percent expansion in the fourth quarter of 2025. READ: Philippine GDP growth slumps to post-pandemic low of 3% in Q4 2025 The figure landed below the government’s 5 percent to 6 percent target for 2026 and also slumped from the 5.4 percent GDP expansion seen in […]... Keep on reading: Philippine GDP growth slows to 2.8% in first quarter

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