Too early to tinker with growth targets

DESPITE TRUMP'S PUNITIVE TARIFFS

- By LOUISE MAUREEN SIMEON

DBCC chair and Budget Secretary Amenah Pangandaman said there would be no revisions on the gross domestic product (GDP) outlook for 2025, at least for now.

This developed even after US President Donald Trump imposed reciprocal tariffs earlier this month. BMI estimates showed that the 17-percent reciprocal tariff slapped on the Philippines could reduce GDP by 1.1 percentage points.

This year, the DBCC is expecting that the economy could grow by at least six percent to as much as eight percent, higher than the 5.7-percent expansion in 2024.