08-November-2025
Economy News
 
Philippine Growth Slows Sharply in Q3 as 'Shocking' Corruption Scandal Dents Confidence
07-Nov-2025

The Philippines' economic growth slowed sharply in the third quarter, missing market expectations, as a "shocking" corruption scandal linked to government infrastructure projects hammered consumer and investor confidence. Gross domestic product grew 4.0% in the third quarter from a year earlier, well below the 5.2% forecast in a Reuters poll and significantly weaker than the 5.5% expansion recorded in the previous quarter, the statistics agency said.

News Source:- https://money.usnews.com/investing/news/articles/2025-11-06/philippines-q3-gdp-grows-4-0-y-y-slowest-rate-in-more-than-four-years