00:01Economic growth in the Philippines slows further down to 2.1% in the third quarter of 2026.
00:07The Philippine Statistics Authority says this on Monday, November 9.
00:11This is the fifth consecutive quarter that the economy's growth slowed down and the weakest since 2009, excluding the pandemic
00:17years.
00:18The third quarter's GDP figure is lower than the second quarter's 2.4% growth and the 4% growth
00:25recorded in the third quarter of 2025.
00:27This puts the odds against the government reaching its already slashed full-year 2026 GDP growth target rate of 3
00:33.5 to 4.5%.
00:35Ahead of the numbers release, BPI lead economist Emilio Neri Jr. warned that private construction continued to weaken
00:42and inflation has consumers spending less on non-essential goods.
