MANILA: The Philippines widened its projected growth range for next year, citing uncertainties over US President-elect Donald Trump’s trade policy that could mean "high tariffs everywhere.”
President Ferdinand Marcos Jr’s economic team now expects 2025 growth to be at 6%-8% from 6.5%-7.5% previously, the Development Budget Coordination Committee said on Monday (Dec 2). The panel tempered this year’s growth projection to 6%-6.5% from a prior assumption of 6%-7%.
