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Corruption scandal to slow Philippine growth, says Recto

14 October 2025
in Business
Reading Time: 4 mins read
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Corruption scandal to slow Philippine growth, says Recto
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THE PHILIPPINE ECONOMY may see a slowdown until early 2026 as the controversy over anomalous infrastructure projects dampens government spending, Finance Secretary Ralph G. Recto said on Tuesday.

At a Senate hearing for the Department of Finance budget, Mr. Recto said growth likely slowed in the third quarter as President Ferdinand R. Marcos, Jr. implemented reforms amid the corruption scandal.

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