Manila Bulletin
Gov't spending supports Philippine Q1 growth as consumers save up—Deutsche Bank Research
Deutsche Bank Research forecasts Philippine economic growth at 5.4% for the first quarter of 2025, a slight increase from the previous quarter.
This projection is influenced by robust government spending, particularly in the lead-up to the May 12 elections, which countered slower private consumption.
Filipino households are reportedly exercising restraint and rebuilding savings due to elevated economic uncertainty, a trend exacerbated by the COVID-19 pandemic.
The forecast falls below the consensus estimate of 5.7% and the government's full-year target range of 6%-8%.
The Philippine Statistics Authority is scheduled to release the preliminary first-quarter GDP data on May 8.
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The Philippine economy grew by 5.4% in the first quarter of 2025, falling below the government's target range of 6% to 8% for the year but remaining one of Asia's fastest-growing economies.
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President Ferdinand R. Marcos Jr. is elated with the Philippines' economy expanding faster in the first quarter of 2025, according to Malacañang.
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The Philippine Stock Exchange Index (PSEi) declined on Thursday due to weaker-than-expected first-quarter GDP growth, which negatively impacted investor sentiment.
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