The University of Asia and the Pacific (UA&P) said the Philippine economy likely grew by 2.5% in the second quarter of 2026, according to a report by Philstar Biz.
The forecast marks a slowdown from the previous quarter, which the research group attributed to several inflation risks. These include the impact of the recent legislated wage hike, adverse weather conditions affecting agriculture, and renewed tensions in the Middle East that could disrupt global oil supply chains.
UA&P’s estimate falls below the government’s 6-7% full-year target, underscoring headwinds facing the domestic economy. The official Q2 GDP data is expected to be released by the Philippine Statistics Authority in August.