INQUIRER File Photo / JEROME CRISTOBAL

MANILA, Philippines —The Philippine economy grew at its slowest pace in the second quarter of 2026, expanding 2.3 percent as the Middle East war’s fallout dampened economic activity, the Philippine Statistics Authority (PSA) reported on Friday.

The latest print was slower than the 2.8 percent recorded in the first quarter and the 5.4 percent posted a year ago, again marking the country’s weakest economic performance in 16 years outside the pandemic period.

READ: Poll: Q2 PH growth likely slowed to 2.7%

Article continues after this advertisement