BusinessWorld E-paper
June 23, 2026
THE PHILIPPINE ECONOMY may grow by just 3.5%-4.5% this year, well below the government’s initial 5%-6% target, as underspending and the fallout from the US-Iran war dampen economic activity, the Department of Economy, Planning, and Development (DEPDev) said on Monday.
“We expect that the situation will improve in the second half,” DEP- Dev Secretary Arsenio M. Balisacan said in an interview on Money Talks with Cathy Yang on One News.
