Philippines likely to hit lower end of 2025 GDP growth target

The Philippines remains likely to achieve the lower end of its 5.5% to 6.5% Gross Domestic Product (GDP) growth target for 2025, according to DEPDev Secretary Arsenio M. Balisacan.

Despite expectations of a slowdown in government spending due to the flood control controversy, Balisacan stated the low end of the target is still achievable.

Economic managers are scheduled to convene next week to discuss the way forward regarding the growth outlook.

Balisacan noted that while typhoons disrupted economic activities in the third quarter, growth is expected to be at the same pace or slightly better than the second quarter.

He cited low inflation, labor market improvements, and higher exports as factors supporting this outlook.