Malacañang has stated that the slowdown in the Philippines’ economic growth during the second quarter of 2026 is temporary and does not reflect the country’s long-term economic direction. The government remains optimistic about a recovery in the second half of the year, as it continues to implement public spending initiatives to stimulate growth.
According to the Philippine Statistics Authority, the economy grew by 2.3 percent in Q2 2026, a slight decline from the 2.8 percent growth recorded in the previous quarter. This slowdown is attributed to the ongoing impact of the Middle East conflict, which has affected global markets and trade. Despite this, Malacañang emphasized that the government is confident in its ability to drive economic recovery.
The administration has not provided specific details on the measures that will be taken to boost growth, but officials have indicated that increased public investment will play a key role. The outlook remains cautiously positive, with officials stressing that the current challenges are short-term in nature.
(Newsinfo.inquirer.net)
(cebudailynews.inquirer.net)
