Economic Recovery Amid Infrastructure Scandals.

The Philippine economy is projected to grow by 5.1% to 5.7% in 2026, showing resilience after a significant slowdown in late 2025. Growth was previously hampered by a major flood control project scandal involving misappropriated funds and ghost projects, which led to a contraction in public construction. Finance Secretary Frederick Go recently stated that the government is focusing on smart spending and the prosecution of those involved in the scandal to restore investor confidence. Robust household consumption and steady remittance inflows remain the primary engines of this recovery.

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