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  • 16 hours ago
The Philippine Statistics Authority reports the economy grew just 4% in the third quarter of 2025, as the flood control corruption scandal dampened investor and consumer confidence.

Full story: https://www.rappler.com/business/gross-domestic-product-philippines-q3-2025/

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00:00The Philippine Statistics Authority reports the economy grew just 4% in the third quarter
00:05of 2025.
00:07This as the flood control corruption scandal dampened investor and consumer confidence.
00:12The latest gross domestic product growth is slower than the second quarter's 5.5% growth
00:17rate.
00:19This places the country's average economic growth for the year so far at just 5%, below
00:23the Marcos administration's goal of 5.5 to 6.5% for 2025.
00:29This marks the economy's lowest growth rate since the first quarter of 2021 during the
00:33COVID-19 pandemic.
00:36Infrastructure spending fell to a 14-year low of negative 26.2% growth amid ongoing probes
00:41into anomalous flood control projects.
00:44Economy Planning and Development Secretary Arsenio Balizacan admits, to meet the government's
00:49target growth range, the economy will have to grow by around 6.8% in the fourth quarter.
00:55He adds, quote, given the shocks that are happening at the moment and are expected to linger in
00:59the remaining weeks and before the year ends, that's quite challenging.
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