AMRO cuts Philippines' growth forecast to 6.3% due to Trump tariffs

The ASEAN+3 Macroeconomic Research Office (AMRO) forecasts that the Philippines may fall short of its lower-end growth target of six percent due to US President Donald Trump's tariffs.

Prior to the tariffs, AMRO projected Philippine economic growth at 6.3 percent in 2025, second only to Vietnam’s expected rate.

During a virtual press conference on Tuesday, April 2nd, AMRO stated that Philippine GDP is set to grow by 6.3% this year and 6.3% in 2026, the fastest among ASEAN countries.

However, AMRO warns that more aggressive protectionist policies from the US could hurt regional growth, with Asia's economic growth slowing down to its weakest since the COVID-19 pandemic if Trump’s tariffs are fully implemented.