ADB cuts Philippines’ 2026 GDP growth forecast to 3.8% and lifts inflation view to 5.9%
The Asian Development Bank lowered its 2026 GDP growth forecast for the Philippines to 3.8% from 4.4% in its July 2026 Asian Development Outlook. It also raised its 2026 inflation projection to 5.9% from 4.0%, marking the biggest upward revision among developing Southeast Asian economies. The bank cited delayed investments, softer private consumption amid higher commodity prices, and climate-related risks, alongside higher global energy prices linked to the Middle East conflict.