By Lourdes O. Pilar, Researcher
THE Philippine economy likely lost momentum in the first quarter, weighed down by weak household purchasing power, subdued government spending, fragile business confidence, and rising global energy prices linked to the Middle East conflict, economists said.
Philippine gross domestic product (GDP) likely grew by 3.4% in the January to March period, according to a median forecast of 21 economists and analysts polled by BusinessWorld.
If realized, this would be slower than the revised 5.4% expansion recorded in the first quarter of 2025, and fall short of the government’s 5%-6% target for this year.
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