Two United Kingdom (UK)-based think tanks have slashed their 2025 gross domestic product (GDP) growth forecasts for the Philippines to well below the government’s target range, following a 4.5-year low economic expansion in the third quarter.
Capital Economics cut its full-year Philippine growth forecast to five percent from 5.5 percent previously, the think tank’s Asia economist Shivaan Tandon said in a report on Friday, Nov. 7.
“Risks to the outlook remain skewed firmly to the downside with the most immediate risk stemming from the fallout from the anti-corruption protests” in the country, Capital Economics said.
Following the Philippine Statistics Authority (PSA) report showing GDP expansion slowed to four percent in the third quarter, Cap
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