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Philippine Economy Grows at Slowest Pace Since 2009 Ex-Covid

Bloomberg Markets Friday 07 August 2026, 02:02 UTC By Neil Jerome Morales and Ditas B Lopez 1 min read
Key Points

Philippine Economy Grows at Slowest Pace Since 2009 Ex-Covid Philippine economic growth dramatically slowed in the second quarter, defying expectations of a pickup, as the protracted Middle East conflict stokes inflation and drags down consumer spending and investment. Gross domestic product expanded just 2.3% in the April-to-June period from a year earlier, the nation’s statistics agency said Friday. That was well below the median estimate of 2.9% in a Bloomberg News survey and the 2.8%...

Philippine Economy Grows at Slowest Pace Since 2009 Ex-Covid Philippine economic growth dramatically slowed in the second quarter, defying expectations of a pickup, as the protracted Middle East conflict stokes inflation and drags down consumer spending and investment. Gross domestic product expanded just 2.3% in the April-to-June period from a year earlier, the nation’s statistics agency said Friday. That was well below the median estimate of 2.9% in a Bloomberg News survey and the 2.8% print for the previous quarter.
Philippine Economy Grows (ORG) Ex-Covid (ORG) Philippine (ORG) Middle East (LOCATION) Bloomberg News (ORG)
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