Phl seen growing by 5.6% this year

DESPITE HEADWINDS

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The Philippine economy is projected to grow by 5.6 percent this year despite risks from global uncertainties, according to the Association of Southeast Asian Nations Plus 3 (ASEAN+3) Macroeconomic Research Office (AMRO).

This was the preliminary assessment made by AMRO during its annual consultation visit to the Philippines from Sept. 2 to 19.

"Despite external headwinds, the Philippine economy is expected to continue growing at 5.6 percent in 2025 and 5.5 percent in 2026," AMRO principal economist Jinho Choi, who led the AMRO mission, said.

These forecasts are the same as those provided by AMRO in July.

The government aims to achieve a growth rate of 5.5 to 6.5 percent this year. The government's growth target for next year is six to seven percent.