STRONGER household and government spending likely pushed second-quarter economic growth to within the government’s recently lowered target for 2025, analysts said.
After the 5.4 percent posted in January-March, below the 6.0- to 8.0-percent goal in effect at that time, gross domestic product growth for the next three months could have picked up to 5.6 percent, analysts polled by The Manila Times said.The median forecast, if realized, will fall near the lower end of the 5.5- to 6.5-percent target adopted by economic managers in June. It is lower, however, than the 6.3 percent recorded in April-June last year.
”Spending, trade boostChinabank Research, on the other hand, said growth could have slightly improved to 5.5 percent due to “household consumption, which is the country’s main growth engine.”“A narrower goods trade deficit, driven in part by front-loading from US importers ahead of the imposition of higher US tariffs and by growing demand for Philippine products in other export markets, also likely contributed to the upside,” Chinabank Research said.
Q2 Growth Likely Higher Within Target
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TME 2025: EXPERIENCE THE FUTURE OF TRAVEL AT TME 2025Travel Madness 2025 headed by Travel Innovators Inc. and Organizer of Travel Madness Expo Chairperson Ms. Maria Paz Alberto, (third from right) led the
Read more »
Metro Pacific Iloilo Water eyes stronger performance in 2025-2028 with P5B infrastructure boostSunStar Publishing Inc.
Read more »
PANOORIN: Ano ang sinabi ni Marcos tungkol sa ekonomiya sa SONA 2025?Mas nag-focus ang pangulo sa band-aid solutions kaysa sa long-term needs ng bansa
Read more »
IMF retains 2025 Philippines growth forecast at 5.5%, hikes 2026 outlookIMF maintains 2025 growth forecast for the Philippines at 5.5% but raises its 2026 outlook to 5.9%, citing global economic factors and risks. The
Read more »
Philippine exports surged 26.1% in June 2025, cutting trade deficitPhilippine merchandise exports surged 26.1% year-on-year in June 2025, leading to a smaller trade deficit, according to the Philippine Statistics Authority (PSA).Philippine merchandise exports surged 26.
Read more »
DepEd launches Quality Basic Education Development Plan 2025–2035SunStar Publishing Inc.
Read more »