Gross domestic product (GDP) grew 2.3% year-on-year in the April-to-June quarter, the Philippine statistics agency said on Friday. Economists surveyed by Reuters had forecast Philippine GDP growth of 2.8% from a year earlier, which would have matched the growth rate recorded in the first quarter. The weaker second-quarter performance could make achieving the government’s full-year economic growth target more challenging, particularly if public expenditure and other key growth drivers remain subdued. The government’s budget planning committee has set a GDP growth target of between 5% and 6% annually from 2027 through 2030. The latest data will keep attention on government spending, inflation trends and external economic risks as policymakers seek to restore stronger Philippine GDP growth in the coming years.