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ADB cuts PHL growth forecast for 2026, warns corruption is a ‘heightened risk’
The Asian Development Bank (ADB) maintained its 2025 GDP growth forecast for the Philippines at 5.6%, citing strong domestic demand and low inflation.
For 2026, the ADB's growth projection is now 5.7 percent, a downward revision from the previous forecast of 5.8 percent due to a more challenging external environment.
The ADB expects the Philippines to remain a bright spot in Southeast Asia this year, posting the second-fastest growth in the region.
ADB Country Director Andrew Jeffries stated the Philippines' economy remains resilient despite global uncertainties, supported by sustained investments and accommodative monetary policy.
However, the ADB warned that widespread corruption is a heightened risk that could impact economic growth and investor sentiment.
The ADB also warned that adverse weather and climate shocks could still pressure commodity prices.
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The World Bank maintained its Gross Domestic Product (GDP) growth forecasts for the Philippines at 5.3% for 2025 and 5.4% for 2026, remaining unchanged from June.
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The International Monetary Fund (IMF) has lowered its economic growth projections for the Philippines in 2025 and 2026 due to a slower-than-anticipated first-half performance and external economic uncertainties.
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