BusinessMay 7, 2026

Philippine Economy Slows to 2.8% Growth Amid Oil Shock and Corruption Scandal

The Philippine economy's growth plummeted to 2.8% in Q1 2026, hindered by soaring oil prices and a corruption scandal affecting consumer confidence.

Mateo Dela CruzRead

EconomyMay 7, 2026

Philippine GDP Growth Hits New Post-Pandemic Low at 2.8% in Q1 2026

The Philippine economy grew by just 2.8% in the first quarter of 2026, marking a new post-pandemic low. Rising oil prices and ongoing corruption scandals contribute to the slowdown.

Mateo Dela CruzRead