MANILA, Jan. 29 -- The Philippines' economy grew at its slowest non-pandemic pace in 14 years in 2025, data showed Thursday, as it was swamped by a corruption scandal and climate change-fuelled weather woes.
The 4.4 per cent expansion was well below a June projection of 5.5-6.5 per cent, which was already a downgrade that took into consideration the imposition of US tariffs and "global uncertainties".
The full-year figure was the worst since a 3.9 per cent rate in 2011 -- though it contracted 9.5 per cent in 2020 during the Covid crisis.
The data also showed just 3.0 per cent growth in October-December, compared with 5.3 per cent the year before, marking the second straight quarter that targets have been missed.
Economic Planning Secr...
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