ABS-CBN
ADB slashes Philippine 2025 growth outlook to 5.6 pct
The Asian Development Bank (ADB) has lowered its economic growth outlook for the Philippines in 2025 to 5.6%, down from the previously forecasted 6.0%.
This downgrade is attributed to external headwinds, including anticipated declines in exports due to global trade uncertainty and higher US tariffs.
The ADB noted that the Philippine GDP grew slower at 5.4% in the first quarter of 2025.
While domestic demand grew 6.7%, supported by easing inflation and monetary policy, net exports dragged on growth as imports outpaced exports.
Business confidence softened amid heightened global policy uncertainties.
The ADB also cut its growth outlook for developing Asia to 4.7%, anticipating that higher tariffs and global trade uncertainty will slow the region's growth momentum.
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