ADB keeps PHL GDP growth forecast at 5.6% for 2025

The Asian Development Bank (ADB) has maintained its 2025 GDP growth forecast for the Philippines at 5.6%, while slightly reducing the 2026 projection to 5.7%, citing the country as a significant growth area in Southeast Asia despite global uncertainties.

The ADB's projection for the Philippines this year aligns with the government's target range of 5.5% to 6.5%.

However, the revised 2026 forecast falls below the government's 6-7% growth objective for that year.

ADB Country Director Andrew Jeffries highlighted the Philippines' resilient growth outlook, supported by strong domestic demand, sustained investments, and accommodative monetary policy, even amidst shifting global trade policies and geopolitical risks.

The bank anticipates that robust domestic demand, coupled with moderating inflation, will continue to underpin the Philippine economy's expansion through 2026.