IMF cuts Philippines' GDP growth forecast to 5.5% in 2025

The International Monetary Fund (IMF) has revised its economic forecast for the Philippines downward, predicting 5.5% GDP growth in 2025 compared to an earlier projection of 6.1%, with further reduction expected to 5.8% by 2026 from a previous estimate of 6.3%. This reflects heightened global uncertainty and trade tensions, including higher tariffs on Philippine goods exported to the US.

Despite these challenges, domestic consumption remains robust, supported by low inflation and unemployment rates, while recent legislative reforms aim to attract foreign direct investment through public-private partnerships (PPPs) for infrastructure projects.