A GLOBAL SLOWDOWN and higher US tariffs have clouded the growth outlook for the Philippines, as the Asian Development Bank (ADB) and ASEAN+3 Macroeconomic Research Office (AMRO) both downgraded their Philippine growth projections for this year and in 2026.
In its latest Asian Development Outlook, the ADB slashed its gross domestic product (GDP) growth forecast for the Philippines to 5.6% for 2025 from 6% previously. For 2026, the ADB projects Philippine GDP to grow by 5.8% from 6.1% previously.
However, this would be within the government’s 5.5 to 6.5% target for this year, but below the 6-7% goal for 2026.
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