IMF lowers Philippine growth forecasts for 2025 and 2026

IMF lowers Philippine growth forecasts for 2025 and 2026

The Philippine economy is seen to grow below target until next year, following the recent slowdown in the third quarter, the International Monetary Fund (IMF) said. In a statement for its Article IV Consultation with the Philippines, the IMF trimmed its economic growth forecast for the Philippines to 5.1% for 2025 from 5.4% previously. It also lowered its growth projection for the Philippines to 5.6% for 2026 from 5.7% previously. If both projec…