日媒：基建腐败重创菲律宾经济

Group 1 - The Philippines' economy has been significantly impacted by a widespread infrastructure corruption scandal, leading to a growth rate of only 4.0% in Q3, the slowest since the COVID-19 pandemic began [1][3] - The corruption scandal has severely undermined consumer and investor confidence, with public construction growth contracting by 26.1%, the lowest level since 2011 [3] - Estimated economic losses from corruption in flood control projects alone amount to approximately 118.5 billion pesos, with total losses in public infrastructure from 2022 to 2025 projected at around 623.5 billion pesos [1][3] Group 2 - The Philippine peso has experienced a sharp decline, reflecting market concerns over economic stability and potential growth slowdown due to infrastructure spending controversies [3] - The government is facing challenges in achieving its annual growth target of 5.5%, with current growth rates falling short of expectations [3] - Geopolitical risks have deterred foreign investment, particularly from Chinese and Western multinational companies, leading to a shift of potential investments to neighboring countries like Vietnam, Malaysia, and Thailand [4]