By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines — The Philippine economy could have slowed to as low as 1.42 percent in the second quarter, potentially marking its weakest quarterly growth in over 17 years amid the peak of the Middle East war’s energy shock, according to the Congressional Policy and Budget Research Department (CPBRD).
In its latest report, the House of Representatives’ policy think tank said its forecasting models produced second-quarter gross domestic product (GDP) growth estimates ranging from 1.42 percent to 4.07 percent.
READ: IMF, ADB slash PH growth forecast
Only one model generated a forecast above 4 percent, while most projected growth between 2 percent and 3 percent, resulting in a median estimate of 2.68 percent.
