Philippines Q3 GDP growth slows to 2.1%, missing forecasts
The Philippine economy grew 2.1% in the third quarter, below the 3.0% that economists in a Reuters poll had expected.
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what happened
The Philippine statistics agency said on Monday that gross domestic product rose 2.1% year on year in the third quarter. That was below expectations. A Reuters poll of economists had forecast growth of 3.0%.
why it matters
For markets, the weak reading raises the chance that the Philippine economy is slowing faster than expected. It could weigh on the peso and local equities, and may also shape expectations for central bank policy. Investors will watch upcoming data closely.
market impact
Peso and Philippine stocks: weaker growth dampens appetite for local assets
- Philippine peso pressure down — weaker growth reduces investor appetite for the local currency
tags
instruments
sources
- Philippines Q3 GDP up 2.1% on year, lower than expected — Reuters, 9 November 2026 at 02:02 UTC
- Philippines third-quarter GDP up 2.1% on year, lower than expected — Reuters, 9 November 2026 at 02:06 UTC
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