Latest news and articles about philippine economy from NEX English
The Philippine economy experienced an unexpected slowdown in growth during the first quarter of the year, registering a growth rate of <strong>2.8%</strong>. This decline positions the country behind its regional peers and presents new challenges for policymakers aiming to curb inflation and support the peso.
The Philippine peso is poised for its best monthly gain as optimism surrounding a potential peace agreement between the United States and Iran boosts expectations of falling oil prices. This decline could positively impact the Philippine economy, which heavily relies on oil imports.
The Philippine Statistics Authority announced that the country's economy grew by <strong>2.8%</strong> in the first quarter of <strong>2026</strong>, marking a slowdown compared to the previous quarter. This growth is significantly lower than the <strong>5.4%</strong> recorded in the same period last year.
S&P Global Ratings has downgraded its outlook for the Philippines from positive to stable, citing increased risks to the country's financial situation and balance of payments due to the ongoing war in the Middle East.
Philippine President Ferdinand Marcos Jr. announced that his government will endure the peso's depreciation, indicating there are limits to their defense of the currency amid rising U.S. dollar pressures. This statement was made during an interview with Bloomberg in Manila.