The Philippines’ economic growth in the second quarter is 2.3% year-on-year, according to multiple reports. Channel NewsAsia and Investing.com both state that the figure is slower than market expectations, indicating the pace of expansion is weaker than anticipated. The sources agree that the growth rate for Q2 is 2.3% on a year-on-year basis and that this outcome does not meet forecasts. While the reports focus primarily on the headline growth number and the comparison with expectations, they consistently characterize the result as underperforming versus what analysts and markets were looking for. No additional details about sectoral performance, demand components, or policy factors are provided in the supplied text. Overall, the common takeaway across outlets is that the Philippines economy continues to grow in Q2, but at a slower rate than expected.