Inquirer
Tariff woes seen to curb Philippine growth to 5%
ANZ Research predicts the Philippine economy will slow to 5% growth in 2025 and 5.5% in 2026, falling short of the government's 6-8% target.
This revised forecast accounts for the impact of US trade policies, including tariffs, and weaker private spending.
The ongoing US trade war is seen as a lasting disruption to global trade, affecting regional growth.
If realized, the 2025 GDP growth would be the weakest since the 3.9% expansion in 2011, excluding the pandemic-led contraction in 2020.
The Philippines faces vulnerability to slower growth in the United States, which is experiencing recession risks.
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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 International Monetary Fund (IMF) has lowered its economic growth forecast for the Philippines for 2025 to 5.5%, down from a previous projection of 6.1%.
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Budget Secretary Amenah F. Pangandaman stated that there is no immediate need to adjust the government's 6-8% GDP growth target for 2025.
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The Philippine economy is projected to grow by six percent in the first quarter, a slight reduction from earlier estimates due to uncertainties stemming from US tariff concerns.
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The World Bank has lowered its economic growth projections for the Philippines for 2025, 2026, and 2027, citing global trade policy uncertainties and an anticipated slowdown in worldwide economic activity.
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