The Bangko Sentral ng Pilipinas (BSP) said that economic growth will be below target this year, but is expected to recover momentum in 2026 and return to target by 2027.
President Marcos and BSP Governor Eli Remolona discussed in Malacañang the Philippine economy and current monetary policy. According to the PCO, the President remains focused on a stable economy and broad-based growth for Filipinos.President Marcos and BSP Governor Eli Remolona discussed in Malacañang the Philippine economy and current monetary policy. According to the PCO, the President remains focused on a strong economy and broad-based growth for Filipinos.
The BSP said that despite the weak performance in 2025, there are clear signs that the economy will recover in the coming years. The economic team has set 5.5–6.5% growth for this year and 6–7% for 2026.
The country's GDP grew by only 4% in the third quarter due to slow government spending and the impact of recent typhoons. According to the BSP, domestic demand is slowing, and growth targets may slightly miss in 2025 and 2026 before returning to target in 2027.
However, the outlook of economic planners remains positive, emphasizing low inflation, controlled debt, a stable peso, and a stable banking sector. Inflation is expected to be 3.1% in 2026 and 2.8% in 2027.
