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Balisacan sees dismal Q3 growth
Manila Bulletin
|November 4, 2025
The country's chief economist expressed a less optimistic outlook for thirdquarter growth, noting that both domestic-including the flood control corruption scandal-and external economic conditions may have influenced the possibly dismal performance.
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"I am not as optimistic as I used to, or as I have been," Department of Economy, Planning, and Development (DEPDev) Secretary and National Innovation Council (NIC) ViceChairperson Arsenio M. Balisacan said on the sidelines of the 2025 Presidential Filipinnovation Awards national competition press conference on Monday, Nov. 3.
"Given the data that have been coming out in recent weeks, and particularly the performance of our industry," Balisacan said, "the industry is probably at its lowest point in recent years."
The Philippine Statistics Authority (PSA) is scheduled to release the country's third-quarter economic growth data on Friday, Nov. 7.
Gross domestic product (GDP) expanded by 5.5 percent in the second quarter of 2025, meeting the government's downscaled fullyear target range of 5.5 to 6.5 percent.
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