Nomura Securities Cuts Philippines 2026 GDP Growth Forecast to 4.6% From 5.0%

According to Nomura Securities, on May 11, the brokerage cut its 2026 GDP growth forecast for the Philippines to 4.6% from a previous estimate of 5.0%, citing weak first-quarter growth and ongoing Middle East tensions. The Philippines' Q1 GDP growth slowed to 2.8% from 3.0% in the previous quarter, weighed by domestic corruption scandals and fiscal consolidation measures. Rising energy prices stemming from Middle East conflicts have also pushed inflation higher, eroding household purchasing power.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments