Philippine Economy grew by just 2.3% in Q2 2026 even without Pandemic, almost only 1/3 the Governmentâs Target of 6%
The Philippine Statistics Authority (PSA) recently reported that the Philippines' Economy in Terms of the Gross National Product (GNP) grew by only 2.3% during Second Quarter of this Year of 2026, or from April to June 2026.
This is lower than the previous Quarter of 2.8%, and much lower than the same Second Quarter of last Year of 2025 where the GDP Growth was at 5.4%. Worst is that this 2.3% is only around one-third of the initial, targeted Growth Rate by the Philippine Government itself of 6%.
The Philippines has since revised its Growth Rate for 2026 down to 3.5-4.5%, but they initially set it at 5-6%. If the Years affected by the Corona Virus Disease 2019 (COVID-19) is not included, then this is the lowest Rate since 2009 during the time of former President Gloria Macapagal Arroyo (GMA) when the Economy grew by only 1.8%.
Again, just to stress that this very low Growth Rate is happening right now without any Global Pandemic. The Reasons given for this low Performance is because of the slowdown in Public Construction which was affected by the ongoing Flood Control Corruption Scandal.
Other Reasons cited was the lower Household Spending due to the higher Inflation Rate of the Prices of Goods and Services, and lower Remittances by the Overseas Filipino Workers (OFW).
SOURCE: Philippine Growth sinks to new Post-Pandemic Low of 2.3% in Q2 2026 {Archived Link}













