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Steady yet modest growth seen for Phl
The Philippine Star
|March 19, 2025
AMID GLOBAL HEADWINDS
Based on its February monetary policy report, the central bank projects the country's gross domestic product (GDP) to settle near the lower end of the government's six to eight percent target for 2025 and 2026.
"The outlook for domestic economic activity remains firm, though growth is anticipated to moderate compared to previous assessments," the BSP said.
The slowdown in economic growth stems from the weaker-than-expected fourth-quarter growth in 2024, which was largely driven by a deceleration in the services sector and a contraction in agriculture.
Additionally, higher global commodity prices are anticipated to weigh on economic activity, posing further challenges to growth prospects.
This story is from the March 19, 2025 edition of The Philippine Star.
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