4 days ago
Philippine economy grows 5.5% annually in second quarter
MANILA :The Philippine economy grew by 5.5 per cent in the second quarter of 2025 from a year earlier, official data showed on Thursday, compared to the previous quarter's 5.4 per cent expansion.
Economists in a Reuters poll had expected growth of 5.4 per cent.
On a seasonally adjusted basis, the economy grew 1.5 per cent quarter-on-quarter, compared to the median forecast of 1.3 per cent in a Reuters poll of economists.
"With this performance, we maintain our place among the fastest growing economies in emerging Asia," Philippine Economic Planning Secretary Arsenio Balisacan told a press conference.
