Philippine GDP Likely Grew 5.5% in Q2 2025 on Exports and Consumption

The Philippine economy likely expanded by 5.5% in the second quarter of 2025, according to a BusinessWorld poll of economists. The forecast slightly outpaces the 5.4% recorded in Q1 but trails the 6.5% growth posted a year earlier. Analysts cited easing inflation, resilient household consumption, and a rebound in exports—driven in part by frontloading ahead of new US tariffs—as key contributors. Election-related spending also provided support. However, weak government expenditure, unfavourable weather impacting agriculture, and ongoing global uncertainty may have weighed on overall momentum. Official Q2 GDP data will be released on 7 August.