US EditionPhilippines Lowers 2025 GDP Growth Target to 5.5-6.5% By Investing.com
- On June 26, 2025, Budget Secretary Amenah Pangandaman announced that the committee responsible for setting the development budget adjusted the Philippines' GDP growth projection for 2025 downward to a range of 5.5% to 6.5%.
- The revision responds to evolving global developments, chiefly heightened uncertainties from the Middle East conflict and new US tariffs impacting the economy.
- The DBCC also updated macroeconomic assumptions including inflation at 2.0%–3.0%, Dubai crude oil prices at $60–$70 per barrel, and a stable foreign exchange rate.
- Deputy BSP Governor Zeno Ronald Abenoja noted at the Manila Times Economic Forum that economic activity may slow near term due to global volatility, while economist Emilio Neri highlighted positive factors like election spending and lower rice prices.
- The government plans to lower its budget shortfall from 5.5% of GDP in 2025 down to 4.3% by the year 2028, anticipating steady growth in revenue collections to support fiscal consolidation despite external challenges.
12 Articles
12 Articles
Growth may miss targets but economy will be fine
THE economy is expected to withstand global uncertainties, but growth may slow and fall short of the target.“It’s a very volatile external environment, and it’s inevitable what we are seeing in the rest of the world, that economic activity could slow down in the near term,” said Bangko Sentral ng Pilipinas (BSP) Deputy Governor Zeno Ronald Abenoja during The Manila Times Economic Forum on Thursday.“[This] is something that we look at closely. Bu…
Philippines Revises 2025 Growth Target Down to 5.5% to 6.5%
Philippines trims 2025-2028 economic targets amid ‘heightened global uncertainties’
MANILA, Philippines – The Philippine government on Thursday, June 26, announced it cut its economic growth targets amid what it described as evolving global developments. The Development Budget Coordination Committee (DBCC) lowered the country’s 2025 economic target to the 5.5% to 6.5% range, from the previous 6% to 8%. It also narrowed its 2026 to 2028 growth targets to within the 6% to 7% range, from 6% to 8% as well. Budget Secretary Amenah P…
Philippines' 2025 growth target cut to 5.5%-6.5%
MANILA, Philippines – The Marcos administration has trimmed its growth target for this year amid external headwinds that are weighing on the global economy. The interagency Development Budget Coordination Committee (DBCC) lowered the official growth target range to between 5.5 and 6.5 percent, from the previous band of 6 to 8 percent. READ: PH GDP
Philippines lowers growth target range for 2025 citing rising uncertainties; P6.79-trillion budget eyed for 2026
The Philippines has again revised its growth target for the year, citing heightened global uncertainties such as the conflict in the Middle East and the imposit
Coverage Details
Bias Distribution
- 60% of the sources lean Left
To view factuality data please Upgrade to Premium
