00:00The Philippine Statistics Authority reports the economy grew 5.5% in the second quarter of 2025 despite the slowdown of government spending growth.
00:10The country's latest gross domestic product is within the government's new target range of 5.5 to 6.5%.
00:16Analysts had expected the economy to grow by 5.5%, helped by low inflation, election spending, and steady money sent home by overseas workers.
00:25From April to June, inflation was low at about 1.3%, the lowest since 2019.
00:30In June, the Banco Central ng Pilipinas cut interest rates to 5.25%, making loans cheaper and encouraging people to spend more.
00:38BPI's lead economist Jun Neri says the government can reach its 2025 growth goal but warns that the rainy season could slow down production and infrastructure work.
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