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Philippine Q1 growth may slow amid Iran war

29 April 2026
in Business
Reading Time: 3 mins read
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Philippine Q1 growth may slow amid Iran war
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By Justine Irish D. Tabile, Senior Reporter

THE PHILIPPINE ECONOMY likely slowed in the first quarter as the prolonged Middle East war weighed on activity, with growth expected to fall below recent quarters and miss the government’s full-year target, the Economy chief said.

Economy, Planning, and Development Secretary Arsenio M. Balisacan said the economy is unlikely to meet the 5% to 6% growth goal this year due to external shocks and lingering domestic issues.

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