Philippines' GDP grew 5.2% in Q3, weakest in 5 quarters

Declining exports and agricultural output lead to softer growth

20241106 Philippine market

 The Philippine economy grew 5.2% year on year in the July-September quarter. © Reuters

RAMON ROYANDOYAN, Nikkei staff writer

MANILA -- The Philippine economy grew 5.2% in the July-September quarter from a year earlier, slowing from a revised 6.4% expansion in the previous quarter, official data showed on Thursday.

The latest gross domestic product fell short of the 5.7% growth forecast in a Reuters poll of economists. This marked the weakest growth in five quarters.

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