Philippine GDP Growth Slows in Q1

The Philippines’ GDP expanded 2.8% year-on-year in Q1 2026, missing expectations of a 3.5% growth, and down from a 3% expansion in Q4. This marked the softest economic growth since the contraction in Q1 2021, as the Middle East war-driven oil shock compounded pressures from a major infrastructure graft scandal, pushing the Philippine economy into one of its weakest stretches in 16 years outside the pandemic period.

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