DBCC cuts PH 2026 growth target to 3.5-4.5%

MANILA, Philippines – The Development Budget Coordination Committee (DBCC) slashed the Philippine economic growth target to 3.5 percent to 4.5 percent for 2026, following a sharp slowdown in the first quarter amid the Middle East war, oil shock and a slump in government spending. In a TV interview, Economic Planning Secretary Arsenio Balisacan said the decision