THE PHILIPPINE ECONOMY grew by a weaker-than-expected 5.4% in the first quarter, reflecting heightened uncertainty arising from the Trump administration’s tariffs.
Data from the Philippine Statistics Authority showed that gross domestic product (GDP) expanded by 5.4% in the January-to-March period, sharply slowing from the 5.9% expansion in the same quarter last year.
This was also well-below the 5.8% median forecast of 15 economists in a BusinessWorld poll last week but faster than the revised 5.3% GDP in the fourth quarter of 2024.
On a seasonally adjusted quarterly basis, GDP expanded by 1.2%, decelerating from the revised 1.5% in the fourth quarter.
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