DBS Bank: Philippine economic growth expected to slow down

DBS Group senior economist Radhika Rao wrote in a report that economic growth in the Philippines is expected to slow down for the remainder of this year and in 2026. The country's economy is facing domestic and external challenges, including the recent impact of typhoons, governance issues, slowing fiscal expenditure, and the impact of US tariffs. These developments are expected to continue into next year, with a slowdown in public infrastructure project allocations and a cautious approach to investment by the private sector. DBS Group expects GDP growth rates of 4.7% and 5.0% for the Philippines in 2025 and 2026, respectively.