The weak economic performance was in part caused by a corruption scandal tied to infrastructure projects that slowed public spending and undermined consumer and investor confidence. Household consumption grew 3.8% in the fourth quarter year-on-year, and government spending rose 3.7%, both easing from 4.1% and 5.8% in the prior quarter. We are accelerating efforts to restore public trust through improvements in governance and public services,” Balisacan told a press conference. Growth is expected to regain momentum, with the government forecasting a 5.0% to 6.0% expansion in 2026 and further acceleration in 2027. Bangko Sentral ng Pilipinas Governor Eli Remolona said last week that a weaker-than-expected fourth quarter GDP would factor into the central bank’s decision at its February 19 policy meeting.