Philippines Q2 GDP grows 2.3% year-on-year, below forecast

18 DAYS AGO 12:28 · 7 Aug 2026

Philippines Q2 GDP grows 2.3% year-on-year, below forecast

The Philippine economy expanded 2.3 per cent in the second quarter compared with the same period last year, Channel NewsAsia reports, falling short of expectations.

The slower-than-anticipated growth reflects weakness in one of Southeast Asia's larger economies as it grapples with inflation and cooling demand, Channel NewsAsia business reports.

Philippines Q2 GDP at 2.3% yr/yr, slower than expected MANILA, Aug 7 : The Philippine economy grew 2.3 per cent in the second quarter from a year earlier, the statistics agency said on Friday, slower than expected.Economists in a Reuters poll had expected second-quarter gross domestic product growth of 2.8 per cent, which would have matched the first-quarter grow channelnewsasia.com

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