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‘Philippine among Southeast Asia’s top growth performers’
The ASEAN+3 Macroeconomic Research Office (AMRO) has maintained its GDP growth forecast for the Philippines at 5.6 percent for 2025 and 5.5 percent for 2026, keeping it as the second fastest-growing economy in the region.
AMRO revised its overall growth outlook for the ASEAN+3 region to 4.1 percent for 2025 and 3.8 percent for 2026.
This regional revision is attributed to a stronger first-half performance and the easing of market pressures following a US tariff announcement.
Exporters anticipating higher tariffs front-loaded their shipments, leading to strong growth in semiconductor-related exports globally.
AMRO Lead Economist Runchana Pongsaparn stated that the Philippine GDP growth projection for 2025 and 2026 is slower than the 5.7% expansion in 2024, partly due to weaker exports as the impact of US tariffs begins.
Philippine goods entering the US have been subjected to a 19% levy since August.
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