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Deutsche Bank cuts Philippine growth forecast to 3.5% after weaker Q2 - BusinessWorld Online
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Deutsche Bank cuts Philippine growth forecast to 3.5% after weaker Q2 BusinessWorld Online
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4 itemsING THINK
First-quarter GDP miss in the Philippines signals weaker 2026 outlook
Lead — The desk interprets the recent first-quarter GDP miss in the Philippines as a significant indicator of potential economic weakness, suggesting a downward revision in the 2026 growth outlook. Per the full note from ING, the GDP growth was hampered by weak consumption and contracting investment, which raises concerns about the sustainability of the recovery. With the central bank prioritizing inflation control over growth support, the macroeconomic landscape appears increasingly challenging. This backdrop could influence currency positioning and investor sentiment in the region.
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