Philippine Economy Slows to 2.1% Growth in Q3 2026
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The Philippine economy grew by 2.1% in the third quarter of 2026, marking the fifth consecutive quarter of economic slowdown. This is the weakest growth since 2009, excluding pandemic years. The slowdown was driven by a contraction in agricultural production due to El Niño and lower industrial output. The government now faces challenges in meeting its annual growth target.
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