MANILA — The International Monetary Fund (IMF) on Tuesday further cut its 2025 Philippine growth forecast to 5.1 percent as economic growth slowed to 4 percent in the third quarter.
The IMF slashed its Philippine growth outlook to 5.4 percent in October.
In a statement, the IMF said it sees increasing tariffs weighing on exports and investment.
It noted, however, that the economy will grow by 5.6 percent in 2026.
Inflation, meanwhile, is expected to settle at 1.7 percent in 2025. It will climb to 2.8 percent in 2026 as negative base effects recede.
The country’s top development economist has said that it is unlikely for the Philippines to meet even the lower end of its 5.5 to 6.5 percent growth rate for 2025.
Other think-tanks have also cut their growth expectations for the Philippines.
