Economy · Growth · Press ✓ 2 outlets
Prices surge while growth slows: the economy expanded only 2.3 percent in Q2
Philippine economic growth slowed to 2.3 percent in the second quarter of 2026, a post-pandemic low (BusinessWorld, Trading Economics). With September inflation at 7.2%, economists describe a squeeze where the central bank must weigh price stability against weak output. BMI argues that weak growth should limit tightening beyond October.
High inflation with weak growth is hard for policymakers because rate hikes cool prices but also slow the economy.
Jobs and wages are under pressure while prices rise.
Third-quarter growth data, due later in the year, will show whether the slowdown deepens.
DailyDrop Philippines edition No. 3 · Morning · WED., OCT. 7, 2026