Moody's raises PH GDP forecast to 6.4%, warns of inflation risks

Moody's Analytics has raised its 2022 GDP growth forecast for the Philippines to 6.4%, up from a previous estimate of 6.1%, citing stronger-than-expected fourth quarter recovery.

However, the think tank warned that inflation and currency depreciation risks could undermine economic prospects due to Russia's invasion of Ukraine.

Moody’s expects quicker growth as lockdowns ease and borders reopen for vaccinated travelers, but noted this projection remains below the government’s 7-9% target.