MANILA, Nov. 10 (Xinhua) -- The Philippine economy expanded 2.1 percent in the third quarter of 2026, easing from 2.4 percent in the preceding quarter, the Philippine Statistics Authority (PSA) said on Monday.
The latest figure marks the fifth straight quarter of deceleration for the Philippine economy, with government spending and domestic demand still subdued, held back by a corruption scandal and the Middle East conflict, according to local media outlet Inquirer.net.
The 2.1 percent expansion fell short of the 2.8 percent median forecast of 14 economists surveyed by Inquirer.net.
Growth from January to September stood at 2.5 percent, below the 3.5 percent to 4.5 percent full-year target set by the Philippine government, according to the report. ■