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Hitting GDP goal may be ‘challenging’

11 May 2025
in Business
Reading Time: 4 mins read
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Hitting GDP goal may be ‘challenging’
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By Aubrey Rose A. Inosante, Reporter

ACHIEVING ABOVE-6% gross domestic product (GDP) growth for the rest of the year to meet the government’s target may be “challenging” with the global trade picture still uncertain due to the Trump administration’s evolving tariff policies, analysts said. 

“It will certainly be challenging to achieve a 6.2% growth rate for the rest of the year, but it is still possible,” Ateneo School of Government Dean and Economics Professor Philip Arnold P. Tuaño said in an e-mail over the weekend. “Some of the downside risks for the Philippine economy remain the continued high levels of US tariffs, global political and security uncertainties especially in Europe and the Middle East which affect global demand for goods, and climate related shocks.”

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