BusinessWorld Online
PHL may grow below 6% amid flip-flopping US tariff policy
Moody's Analytics has lowered its 2025 GDP growth forecast for the Philippines to 5.8% from 5.9% due to the anticipated impact of US reciprocal tariffs.
Nomura Global Markets Research also trimmed its GDP forecast to 5.9% for this year from 6% previously, citing the US government's flip-flopping trade policies.
The US imposed reciprocal tariffs, with potential impacts ranging from 0.4% to 0.5% of GDP depending on the scenario.
This revised forecast falls below the Philippine government's own growth target of 6-8% for the year.
The tariffs are expected to negatively affect the Philippines' goods exports to the US.
🤖
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.
The ASEAN+3 Macroeconomic Research Office (AMRO) forecasts that the Philippines might fall below its six percent economic growth target for 2025 due to the impact of reciprocal tariffs imposed by the United States.
+1
Read more →
The Philippine government's economic team, specifically the National Economic and Development Authority (NEDA), estimates that US reciprocal tariffs of 17% on Philippine exports could reduce the country's gross domestic product (GDP) by 0.1% in the next two years.
Read more →
The Asian Development Bank (ADB) has revised its Philippine GDP growth forecast for 2025 to six percent, a decrease from its earlier 6.2% projection.
+5
Read more →
The National Economic and Development Authority (NEDA) stated that current US tariffs are likely to result in a minimal positive impact on the Philippine economy, potentially increasing exports by 1.5% but with a less than 0.5% effect on the Gross Domestic Product (GDP).
Read more →
Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go will travel to the United States to meet with US Trade Representative Jamieson Greer regarding President Donald Trump's announced 17% reciprocal tariff on Philippine goods.
+5
Read more →