Fitch Ratings Philippines forecast puts GDP growth at 5.6% in 2025, aligning with the government’s 5.5%–6.5% target, underpinned by infrastructure investment, services exports, and remittance-driven consumption. The projection assumes easing inflation and interest rates after the BSP cut policy rates by 25 basis points (bps) to 4.75%. Fitch cautioned that global trade frictions and political uncertainty—following weaker midterm results for President Marcos Jr.’s allies and a