Philippines growth forecast falls as exports offer support

AMRO sees Philippine growth easing to 3.4 per cent in 2026, with inflation rising to 5.4 per cent as demand weakens.
Exports and remittances offer support, but apparel sourcing teams face peso pressure, higher energy import bills and softer demand.
Risks include energy prices, extreme weather and delayed public investment; policy is set to stay data-dependent on inflation.