Trade, weak output cited in slow growth

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BLAME global uncertainties, sluggish production and front-loaded election spending for the Philippine economy’s slower-than-expected growth in the first quarter of the year, economists said.

Net exports have been lackluster for a while, hindered by supply-chain disruptions,” Canlas said in a message.“The country’s growth drivers are the non-tradable sectors like wholesale and retail trade.

Oplas shared a similarly upbeat outlook.“I still think 6 to 6.8 percent is doable,” she said.“Neighboring countries also saw slower growth, so this isn’t a warning sign.

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Article Details

Author / Journalist: Bless Aubrey Ogerio

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaMalaysiaThailandVietnam

Topics: Production Global Target Philippine Year Government Quarter Percent Told Growth Percent)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 16:06:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1046 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28501944

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Main Topics: BusinessStartups

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