The Philippine economy grew more than expected in the third quarter on robust household spending and investment, data from the Philippine Statistics Authority revealed on Tuesday.
Gross domestic product grew 7.1 percent on a yearly basis in the third quarter, faster than the expected growth of 4.8 percent. But the pace of growth slowed from the 12.0 percent expansion registered in the second quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.