Philippines GDP Growth Beats Forecast, But Tariff Worries Weigh

The Philippine economy grew slightly faster than forecast in the second quarter on the back of strong farm output and consumption, even as trade and industrial expansion slowed amid uncertainty over the impact of US tariffs.

Gross domestic product expanded 5.5% in the April to June period from a year earlier, the statistics agency said Thursday. That’s marginally above the median estimate of 5.4% in a Bloomberg News survey.