Philippine GDP grew 2.1% YoY in Q3, the slowest pace since the COVID pandemic,
the statistics office said Monday. The print missed a Wall Street Journal survey
median of 2.7% and slowed from 2.3% in Q2. Seasonally adjusted QoQ growth was
0.1% in Q3 versus 0.6% in Q2. Over the past year growth has been muted after an
energy shock tied to the US‑Iran war raised inflation, squeezed consumption and
weighed on activity. An earlier corruption scandal that damaged public
infrastructure also weakened growth. A softer Philippine peso has reduced
household purchasing power and lifted import costs.
