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On August 7, the Philippine Statistics Authority reported that the economy grew by a measly 2.3% in the second quarter of 2026, down from 2.8% in the first quarter. Save for the pandemic contraction, that is our weakest quarterly growth in 16 years. A BusinessWorld poll of 21 analysts had expected 2.8%, so the actual print also undershot even the already gloomy consensus. The regional comparison also hurts a lot. In the same quarter, Vietnam grew by a robust 8.4%, while Malaysia grew by 5.8%, Singapore by 5.7%, and Indonesia by 5.3%. Even China, weighed down by a property slump…
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