00:00The Philippine economy grows at a much slower pace in the first quarter of 2026.
00:06The country's gross domestic product grew by only 2.8% in the first quarter of 2026,
00:11considerably lower than the 5.4% growth logged in the same period in 2025.
00:16This as price shocks due to the Middle East conflict dampened household spending.
00:21Household consumption was expected to slow as the situation in the Middle East pushed fuel and food prices higher.
00:27This is the country's weakest economic performance since the COVID-19 pandemic.
00:31The latest figure fell short of the government's target range of 5-6%.
Comments