Philippine economy slows to 2.3% in Q2 2026, weakest since 2009

HAZARDOUS AIR. Haze blankets the skyline of Metro Cebu and nearby areas before sunset on April 19, 2026.

Jacqueline Hernandez/Rappler

The latest figure is lower than the 2.8% growth recorded in the first quarter of 2026

MANILA, Philippines – The Philippine economy grew by only 2.3% in the second quarter of 2026, slowing further as weak investment and elevated prices weighed on economic activity, the Philippine Statistics Authority reported on Friday, August 7.

The latest figure was lower than the 2.8% growth recorded in the first quarter of 2026 and the 5.4% expansion in the second quarter of 2025. It brought economic growth in the first half of 2026 to 2.6%.

Philippine economy slows to 2.3% in Q2 2026, weakest since 2009

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