Philippines' GDP growth sinks to 4% in Q3 as typhoons and graft scandal hit

Infrastructure spending cuts drag on consumer confidence

20251107 PH typhoon

Men sit amid the remains of houses destroyed by floods brought on by Typhoon Kalmaegi, in Cebu, the Philippines, on Nov. 6. The Philippine economy is being slowed by natural disasters, corruption and U.S. tariffs. © Reuters

RAMON ROYANDOYAN

MANILA -- The Philippine economy grew at a considerably slower pace in the third quarter, after a mix of natural disasters and the revelation of a major corruption scandal that has fueled social unrest.

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