THE PHILIPPINE ECONOMY is expected to have further slowed in the second quarter, as gross domestic product (GDP) growth likely eased to 2.6% due to elevated inflation and weaker domestic demand, the University of Asia and the Pacific (UA&P) said.
“The Philippine economy is posting early signs of recovery momentum, but the outlook remains constrained by elevated inflation and weaker domestic demand,” UA&P said in its latest The Market Call report.
“Against this backdrop, we estimate second-quarter (Q2) GDP growth at 2.6%, with consumption and investment likely weighed down by recent headwinds,” it added.
If realized, the 2.6% growth would be slower than the 5.44% expansion recorded in the second quarter of 2025 and the 2.8% growth in the first quarter this year.
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