The continuing slowdown in construction activity is no longer just a sectoral concern; it is a mirror reflecting deeper structural and governance problems in the Philippine economy. With economic growth stuck at around four percent — well below both potential and regional peers — the weakness of construction underscores why accelerating its pace remains elusive.
Construction has traditionally been among the most powerful engines of Philippine growth. It creates jobs quickly, stimulates allied industries, and lays the groundwork for long-term productivity. When it falters, growth falters with it.
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