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Q2 growth
The Philippine Star
|July 19, 2025
"BSP's reluctance to cut policy rates more aggressively, reflecting more concern about possible inflation due to Trump tariffs, has impeded household demand for residential units and firms from borrowing for expansion," UA&P said.
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It said the diversion of Chinese exports to the Philippines due to the US' imposition of reciprocal tariffs is now the biggest threat to growth. The influx of Chinese imports in the market could reduce local producers' output and employment.
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