S&P and ADB Cut Their Economic Growth Outlook for the Philippines this 2025

Standard and Poor’s (S&P) Global Ratings and the Asian Development Bank (ADB) both trimmed their 2025 Philippine GDP growth forecasts to 5.6 percent, down from earlier projections of 5.9 percent and 6 percent, respectively. While still above the Asia-Pacific average of 4.4 percent, S&P’s revised outlook was detailed in its Economic Outlook Asia-Pacific Q4 2025 report, which also sees inflation averaging 1.5 percent. ADB’s updated figure, consistent with its July estimate, was reported in its September 2025 Outlook, projecting inflation to average 1.8 percent.

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