The Philippine economy expanded by 2.3% in the second quarter of 2026, falling short of market expectations and signaling a deceleration in growth momentum.
The statistics agency released the figures on Friday, confirming a slowdown that has concerned policymakers and investors alike.
The growth rate represents a notable dip from prior quarters, reflecting headwinds that have persisted through the first half of the year.
While the economy remains in expansion territory, the pace is insufficient to drive robust capital inflows or sustain the bullish sentiment seen in earlier periods.
The miss highlights the fragility of the recovery amid global uncertainty.
Adding to the mixed macroeconomic picture, annual inflation in the Philippines eased to 6.2% in July, down from 6.4% in June.