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Economic growth outlook dims
Manila Bulletin
|October 29, 2025
Japanese investment bank Nomura has slashed its 2025 economic growth forecast for the Philippines to 4.7 percent—far below the government's target—citing major downside risks linked to the ongoing flood control scandal.
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Nomura Global Markets Research, in a commentary published on Monday, Oct. 27, said it has significantly cut its Philippine gross domestic product (GDP) growth forecast for this year from an already below-target 5.3 percent previously.
According to Nomura Economists Euben Paracuelles and Yiru Chen, the revision in the bank's outlook is set against the backdrop of potentially slower output growth due to the drag from the corruption controversy involving flood control funds.
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