Philippines set for 6.3% economic growth in 2025, second highest in Southeast Asia

The Philippines is projected to have the second highest economic growth in Southeast Asia for 2025, according to a report by the ASEAN+3 Macroeconomic Research Office (AMRO).

AMRO forecasts Philippine economic growth at 6.3 percent this year, unchanged from December's forecast and trailing only Vietnam’s projections.

The Bangko Sentral ng Pilipinas (BSP) has eased monetary policy since August 2024, lowering interest rates by 75 basis points, with further easing expected in February.

Stronger domestic demand and exports are expected to support the Philippines' growth outlook, despite risks from potential US tariffs on Chinese imports affecting regional economies.

AMRO kept its headline inflation forecast for the Philippines at 3.2% for 2025, slightly lower than the BSP's 3.3% average forecast.