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World Bank sees steady Philippine growth despite Trump tariff
The World Bank maintained its Gross Domestic Product (GDP) growth forecasts for the Philippines at 5.3% for 2025 and 5.4% for 2026, remaining unchanged from June.
These projections fall short of the Philippine government's targets of 5.5-6.5% for 2025 and 6-7% for 2026.
The Philippines is expected to be the third fastest-growing economy in the East Asia and Pacific region in 2025, trailing Vietnam and Mongolia, and the second fastest in 2026.
The World Bank noted that the East Asia and Pacific region's growth is slowing due to trade restrictions and increased economic policy uncertainty, despite robust domestic demand in the Philippines.
The Philippines' economy is expected to benefit from robust domestic demand, supported by easing inflation, lower interest rates, strong labor markets, and public infrastructure investment.
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The Asian Development Bank (ADB) maintained its 2025 GDP growth forecast for the Philippines at 5.6%, citing strong domestic demand and low inflation.
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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.
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The International Monetary Fund (IMF) has lowered its economic growth projections for the Philippines in 2025 and 2026 due to a slower-than-anticipated first-half performance and external economic uncertainties.
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