Moody’s Analytics trims PHL growth forecast on US tariffs

MOODY’S ANALYTICS trimmed its gross domestic product (GDP) forecast for the Philippines amid “weaker growth prospects” due to the impact of the US reciprocal tariffs.

“The US dealt the Philippines a harder blow than we expected, declaring a 17% tariff, so we have trimmed our GDP growth forecast to 5.8% from 5.9% in our March baseline,” it said in a report.

“Again, we’ll have to wait and see whether the diluted 10% tariff will last long term or revert to 17%.”