The Asian Development Bank (ADB) sees the Philippine economy cruising along this year, keeping its 2025 growth outlook for the country steady at 5.6 percent.
ADB’s September update to its Asian Development Outlook (ADO) 2025 report, however, revised downward next year’s outlook to 5.7 percent from an earlier projection of 5.8 percent.
The Manila-based institution maintained that the Philippines will remain a “bright spot in Southeast Asia, with the second highest GDP expansion in the region.”
“The Philippines’ growth outlook remains resilient amid a global environment of shifting trade and investment policies, and heightened geopolitical uncertainties. Though these uncertainties pose increased risk, we see strong domestic demand anchoring growth, with sustained investments and an accommodative monetary policy supporting the economy’s expansion,” ADB Country Director for the Philippines Andrew Jeffries said.
