Analysis by Region - Emerging Markets - Philippines

Analysis by Region - Emerging Markets - Philippines

We maintain our forecast that economic growth will gradually slow from 5.7% year-on-year growth in Q1, posting a 5% growth for 2024 as a whole. This expectation is largely due to the soft growth in private consumption – seen as a main pillar of the economy – given elevated prices, and low consumer confidence. We expect growth to pick up in 2025 with annual growth of 6%.

Philippines: A rate cut is still expected in K33, given inflation concerns
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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