PH GDP Growth Trimmed to 3.7%: What Does It Imply for Filipinos?
The World Bank revised the Philippines’ 2026 Gross Domestic Product (GDP) forecast to 3.7%, down from 5.3%. This falls within the government’s revised target of 3.5% – 4.5% but signal weaker momentum. For 2027, growth is now expected at 5.2%, lower than 5.6% forecast in June. By 2028, the projection stands at 5.5%, slightly below the earlier 5.6% forecast. Both forecasts remain within the government’s 5–6% […]
Economists: PH Growth Slowest in 20 Years
According to a survey by local economists, the Philippines has seen its weakest growth (excluding the pandemic) in two decades. This has been driven by both external and internal factors: economic pressure arising from the oil crisis in the Middle East, contraction of household purchasing power, and slowed government spending, among others. The Oil Crisis The oil […]