The Philippines' economy advanced at a solid pace in the fourth quarter, underpinned by robust household consumption despite rising inflationary pressures and increased borrowing costs, data from the Philippine Statistics Authority showed on Thursday.
Gross domestic product showed a yearly growth of 7.2 percent after rising 7.6 percent a quarter ago. The pace of growth was forecast to ease to 6.5 percent. Moreover, this was the seventh straight quarter of expansion.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.