The latest reading from the Philippine economy serves as a cautionary note. In the third quarter the pace of growth has flagged. According to official data, the Philippine real GDP grew by 4.0 percent year-on-year in Q3 2025 — the slowest expansion in more than four years, down from 5.5 percent in Q2. On a quarter-on-quarter, seasonally-adjusted basis, it expanded only 0.4 percent, below forecasts of 0.8 per cent.
This under-performance comes despite one of the few bright spots: the agriculture sector. Earlier in Q2 2025 agriculture, forestry and fishing posted a robust 7.0 percent year-on-year growth, compared
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