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Analysis by Region - Emerging Markets - Philippines

Publisher Oxford Economics
Published Mar 28, 2025
Length 8 Pages
SKU # OFE19906812

Description

We forecast the Philippines' economy will expand by 6% y/y this year, following a 5.6% y/y increase in 2024, which is below the government's target of a 6%-6.5% GDP growth. Growth this year will be supported by more accommodative monetary policy and well-contained inflation. While the easing cycle is expected to continue, the pace of BSP's rate cuts will depend on US trade policy and the consequent path of US dollar/Philippine peso exchange rate.

Table of Contents

8 Pages
Philippines: Pickup expected after underperformance, but headwinds remain
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics
How Do Licenses Work?
Head shot

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