2026 Economic Underperformer.
New reports from ANZ Research and Moody’s Analytics have downgraded the Philippines' growth outlook for 2026. Analysts now project GDP growth to fall between 4.7% and 4.9%, missing the government's target of 6.0%. The slowdown is being attributed to a slump in public infrastructure spending and the ripple effects of the oil crisis on household confidence. Despite these headwinds, private investment in the electronics and BPO sectors remains a bright spot, with exports showing resilience in the first quarter of the year.
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