Philippine Economy Seen Growing Below 3% Amid Weak Spending, Inflation Woes
Bank of America (BofA) forecasts the Philippine economy to grow below 3% through 2026, citing weak household spending and sluggish investment as key drags on domestic demand. Renewed inflation pressures also raise the possibility of further interest rate hikes. A modest improvement to 3.5% is projected for 2027, but the economy is expected to operate below its potential.
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