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ADB forecasts 4.9% growth for Developing Asia-Pacific, tariff risks notwithstanding
The Asian Development Bank (ADB) has projected a 4.9 percent economic growth rate for developing Asia and the Pacific in 2025, slightly down from 5 percent in the previous year, according to the ADB's latest Asian Development Outlook (ADO) report released today.
ADB forecasts strong Philippine growth, ‘Blue Economy” opportunities
The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.
Unemployment rate rises to 3.8% in February
The country's unemployment rate increased to 3.8 percent in February, up from 3.5 percent in the same month last year, according to the Philippine Statistics Authority (PSA).
Agricultural trade deficit widens amid strong export growth
The Philippines' agricultural sector saw a rise in export revenue in February 2025, totaling USD691.92 million—up 21 percent from the previous year's USD572.32 million.
Rice stocks up, corn inventories down in March
The country's rice stocks inventory was estimated at 1.61 million metric tons at the start of March, an 18 percent increase from the 1.37 million metric tons recorded in the same period last year.
