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PHL may grow below 6% amid flip-flopping US tariff policy

13 April 2025
in Business
Reading Time: 3 mins read
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PHL may grow below 6% amid flip-flopping US tariff policy
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ANALYSTS have lowered their gross domestic product (GDP) growth forecast for the Philippines this year, amid the US government’s flip-flopping trade policies.

In a recent report, Nomura Global Markets Research trimmed its GDP forecast to 5.9% for this year from 6% previously.

“Taking into account the impact of the US reciprocal tariffs, we now forecast a more moderate pickup in GDP growth to 5.9% year on year in 2025 from 5.6% in 2024,” Nomura analysts Euben Paracuelles and Nabila Amani said.

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