Postpandemic low: Economy likely grew by just 2.5% in Q2, says UA&P

MANILA, Philippines — The Philippine economy may have lost further momentum in the second quarter, with growth slipping to another postpandemic low as stubborn inflation weighed on consumer spending and weak business confidence curbed investment. This is according to University of Asia and the Pacific (UA&P) economists, who lowered growth forecast for the April-to-June period to