Analysis by Region - Emerging Markets - Philippines

Analysis by Region - Emerging Markets - Philippines

We maintain our GDP growth forecasts for the Philippines at 7% in 2022 and 3.1% in 2023. We see sequential momentum easing from Q4 onwards as external pressures build and the reopening boost fades. Elevated inflation will continue to squeeze real purchasing power in 2023, although it will likely peak in Q4 2022.

Philippines: Various challenges await the economy in 2023
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and structure of trade

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