PH growth seen rebounding to 5.1% in 2027, ADB says, though risks remain
The Philippine economy is set to return to solid growth in 2027, supported by stronger services and industry activity plus timely government spending on key infrastructure, according to the Asian Development Bank’s latest outlook released today. Gross domestic product is projected to expand 3.3 percent this year before rising to 5.1 percent in 2027 — a slightly slower pace than previously estimated in July, as prolonged tensions in the Middle East and higher global commodity prices have weighed on investments and raised costs.
Philippine H1 trade gap hits record USD31.36B
The Philippines’ merchandise trade deficit widened to a record USD31.36 billion in the first semester of 2026, as imports surged nearly 19 percent and...
Developing Asia-Pacific growth steadies at 5% in 2026, Philippines part of resilient trend— ADB
Economic growth across developing Asia and the Pacific will ease to 5 percent this year from 5.5 percent in 2025, then edge up to 5.1 percent in 2027, the Asian Development Bank (ADB) reported Wednesday. The 2026 forecast is a slight upgrade — 0.1 percentage points higher than the bank’s July outlook.
EU-PH FTA may spur factories, exports, groups say
The Philippines’ breakthrough in free trade negotiations with the European Union could trigger fresh factory investments, technology transfers and export growth, business groups said, but warned that local firms must prepare for tougher competition and demanding EU standards.
Philippines races to seal Canada, Japan FTAs by November
The Philippines is pushing to wrap up trade negotiations with Canada and Japan by November, building on the substantial conclusion of its free trade agreement (FTA) talks with the European Union as Manila moves to widen market access amid global trade uncertainty.
