Philippine economy projected to grow 6.1% in 2025

The Philippine economy is projected to grow by 6.1% in 2025, driven by election-related spending. This growth rate would exceed the 5.6% growth recorded in 2024, which fell short of government targets. Lower borrowing costs may also support stronger consumer spending. However, a potential global trade war could hinder growth, according to economists. UBS forecasts a slightly lower growth of 5.9% for 2025, citing improving domestic demand despite external tariff pressures. Both firms acknowledge risks from inflation and food supply issues affecting consumer sentiment.