A government report published Thursday showed the local economy grew slower than analysts expected, hurt by sluggish investment, consumption and farm output.
Philippine stocks fell for a fifth day, pushing the nation’s benchmark index into a bear market, amid concern over potential global headwinds and disappointing domestic economic data.
The nation’s benchmark equity gauge slid to the lowest level in more than two years as the prospect of higher US tariffs threatened by US President Donald Trump damped the optimism of global equity investors.
