December 3, 2025 – 1:31 PM
Construction workers are pictured at the construction site of an apartment building in Pasay, Metro Manila in the Philippines May 22, 2017. (Reuters/Erik De Castro/File Photo)
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The government has a growth target of 5.5% to 6.5% this year. Gross domestic product grew 4.0% in the third quarter from a year earlier, significantly weaker than the 5.5% expansion recorded in the previous quarter.
Next week the government is due to review its medium-term fiscal and growth targets, including a growth target of 6.0% to 7.0% for 2026-2028.
—Reporting by Karen Lema; Editing by John Mair
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arsenio balisacan
gross domestic product