The Philippines’ economic growth is projected to be the strongest in Southeast Asia this year amid the impact of US tariffs and other global economic risks, with output projected at 5.4 per cent, according to HSBC.
The figure is lower than HSBC’s earlier growth forecast of 5.6 per cent.
For Q2 2025, growth is projected to accelerate to 5.6 per cent.
Full year growth last year was 5.6 per cent.
