ANN/Philippine Daily Inquirer – The Philippine economy is expected to grow by 6.3 per cent in 2025, according to a report released on Monday by BMI Research, part of the Fitch Group.
This projection is slightly higher than this year’s forecast, driven by a recovery in domestic activity and resilient demand.
BMI Research highlights that an uptick in private consumption will support growth, as inflation dropped from a high of 4.4 per cent in July to 2.3 per cent in October, which is likely to boost real household incomes.
The report also pointed to strong import performance as a sign of rising household spending and noted that labour market conditions remain stable. Recent data show a slight dip in unemployment, from 4.0 per cent in August to 3.7 per cent in September, alongside a small rise in the labour force participation rate.
However, BMI Research flagged some downside risks, particularly related to trade policy changes in the United States (US) under newly elected President Donald Trump. Trump has proposed tariffs of up to 20 per cent on all US imports, a move that could impact the Philippines, given its close trade ties with the US.
