ADB cuts PHL 2025, 2026 growth forecast to 5% and 5.3% respectively

Updated Wed, December 10, 2025 at 11:53 AM Published Mon, December 8, 2025 at 12:00 AM

The Asian Development Bank (ADB) has sharply cut its economic growth forecasts for the Philippines for 2025 and 2026 due to weak infrastructure spending amid corruption probes and natural disasters.

The ADB's GDP growth forecast for the Philippines in 2025 was slashed to 5% from 5.6%, and for 2026, it was trimmed to 5.3% from 5.7%.

These revised projections are below the Philippine government's target range of 5.5 to 6.5 percent for 2025 and its goal of six to seven percent for 2026.

The lower growth prospects are attributed to weak infrastructure spending because of investigations into publicly funded projects and natural hazards.

The Philippine economy's third-quarter expansion was weaker than expected at 4%, bringing the nine-month growth to 5%, partly due to decreased government spending on flood control projects amidst investigations and stricter controls.

Topics in this story

Explore more stories about these topics.

Asian Development Bank

🤖

This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.

News Sources

See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.