Philippine GDP growth slows to 2.1% in Q3 2026
Economy · First reported 9 Nov, 02:12 · Updated 02:13
The Philippine Statistics Authority reported year-on-year GDP growth of 2.1% in Q3, down from a revised 2.4% in Q2. Rappler reports this was the fifth consecutive quarter of slower growth and below the government’s 3.5%–4.5% full-year target; Nikkei Asia’s headline attributes the result to high inflation.
- GDP expanded 2.1% year-on-year in Q3 2026, compared with revised growth of 2.4% in Q2 2026.
- The Q3 result marked a fifth consecutive quarter of slowing growth and was below the government’s 3.5%–4.5% full-year target.
- Nikkei Asia’s headline says high inflation dragged on Q3 GDP; Rappler reports weaker private construction and hesitant consumer spending ahead of the release.
Summary written by Lux AI from 2 articles
Key facts
- Q3 2026 GDP growth
- 2.1% year-on-year
- Q2 2026 GDP growth
- 2.4%, revised
- Government full-year growth target
- 3.5%–4.5%, described by Rappler as already slashed
- World Bank 2026 growth projection
- 3.7%
- AMRO 2026 growth forecast
- 3.3%
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Left 1 · Centre 0 · Right 1 of 2 rated sources
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- Independent 50% (1)
- Corporation 50% (1)
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