Philippines: Economic growth at five-year low due to Mideast war

MANILA, Philippines — The Middle East war and a major corruption scandal drove Philippine economic growth to a five-year low, officials said Thursday, adding future targets would be lowered. Gross domestic product expanded 2.8 percent for the three months to March, sharply down from the 5.4 percent in the same period last year, the Philippine Statistics Authority said. READ: PSEi slump persists on rate hike, inflation fears  It was also a dip from the 3.0 percent growth registered in the final quarter of 2025, the agency said. “Our growth performance trails Vietnam, Indonesia and China, among others in the region,” […]... Keep on reading: Philippines: Economic growth at five-year low due to Mideast war

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