PH economy to underperform until 2028 – DLSU economists

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MANILA, Philippines — The Philippine economy is expected to remain below potential until the end of the Marcos administration as the prolonged war and long-standing structural vulnerabilities dampen growth prospects, according to a De La Salle University (DLSU) report.

In its May 2026 Report on the Philippine Economy, DLSU economists lowered their full-year growth projection to 3.11 percent, down from an earlier forecast of 3.79 percent.

The report was written by Jesus Felipe, Susan Kurdli, Mariel Monica Sauler, Gerome Vedeja, and Seth Paolo Paden.

The downgrade comes as three economic pressures collide, including the energy crisis, potential monetary tightening caused by persistent inflationary pressures, and second-round effects from disrupted fertilizer supply chains.