PH economy seen to grow by 3% this year

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

MANILA, Philippines – The deceleration of the Philippine economy is expected to persist until the end of the Marcos administration, with economists at De La Salle University (DLSU) lowering their growth forecast for the year to 3.08 percent.

In its June Philippine Economy report, DLSU said the revised outlook is slightly lower than the 3.11 percent previously projected, as indicators continue to suggest that both global and domestic shocks are exacerbating an already weak economic environment.

READ: OECD cuts 2026 PH GDP growth forecast to 3.2%

“The Middle East conflict and Hormuz closure remains the single largest negative shock that continues to breed uncertainty into domestic growth prospects,” DLSU said.