The Philippines posted an economic growth of 2.1 percent in the third quarter of the year, the weakest quarterly growth since 2009 excluding the pandemic years, the Philippine Statistics Authority reported on Monday
It is lower than the 2.4-percent revised growth three months earlier and the 4.0 posted a year earlier. It is also well below the government’s downwardly revised 3.5- to 4.5-percent target for the year.
Services posted a year-on-year growth of 3.7 percent in the third quarter of 2026.
However, agriculture, forestry, and fishing and industry declined at 4.8 percent and 0.003 percent, respectively.
