Philippines Cuts Growth Target Twice as Corruption Fallout Meets Mideast Oil Shock
Manila now expects 3.5 to 4.5 percent expansion in 2026 after dual crises hit consumer spending and infrastructure investment
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Manila now expects 3.5 to 4.5 percent expansion in 2026 after dual crises hit consumer spending and infrastructure investment

Semiconductor exports drive GDP expansion despite Middle East oil volatility, with Q2 growth reaching levels unseen since the 1980s

Chung-Hua Institution for Economic Research raises growth projection to highest among domestic institutes as semiconductor shipments approach record $900 billion

Private research institute expects GDP to exceed double digits in 2026, surpassing government estimates as chip demand drives record expansion

The world's second-largest economy recorded its weakest quarterly expansion since late 2022, missing forecasts as real estate investment declined 18% in the first half.

Southeast Asia's manufacturing hub posted accelerating growth in the second quarter, but a widening trade imbalance threatens to constrain its ambitious 10% annual target