Analysis by Region - Emerging Markets - Philippines
We continue to forecast the Philippines' GDP will expand by 5.7% in 2024 and 5.9% in 2025, reflecting a slow improvement in domestic consumption and soft external demand. Economic activity grew by 6.3% y/y in Q2, led by sharp year-on-year expansions in public investment and government consumption. On a sequential basis, Q2 GDP only increased by 0.5% q/q.
- Philippines: Two more rate cuts are expected in Q4
- 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
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
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