MANILA (Xinhua): The International Monetary Fund (IMF) has downgraded its 2025 gross domestic product (GDP) growth forecast for the Philippines to 5.1 per cent from the 5.4 per cent projection in October, citing heightened global trade uncertainty, governance and corruption concerns, and a sharper-than-expected economic slowdown in the third quarter of 2025.
"The Philippines' growth is expected to slow to 5.1 per cent in 2025 as increasing tariffs weigh on exports and investment, before picking up moderately to 5.6 per cent in 2026," the IMF said in a statement released on Monday.
