Poll: GDP likely grew by 5.8% in Q1

PHILIPPINE ECONOMIC growth may have picked up in the first quarter thanks to cooling inflation and faster government spending ahead of the election ban, a BusinessWorld poll showed.

The Philippines’ gross domestic product (GDP) is expected to have grown by 5.8% in January to March, according to a median forecast of 15 economists and analysts polled by BusinessWorld, picking up from the revised 5.3% in the fourth quarter of 2024.

However, it would be a tad slower than the 5.9% growth recorded in the first quarter of 2024.