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Philippines Sees Slower Growth, Weak Peso Beyond 2028

Philippines Sees Slower Growth, Weak Peso Beyond 2028
Bloomberg Markets Monday 29 June 2026, 00:39 UTC By Neil Jerome Morales 1 min read
Key Points

Philippines Sees Slower Growth, Weak Peso Beyond 2028 The Philippines has cut its economic growth targets and sees a weaker peso beyond the end of the term of President Ferdinand Marcos Jr. in 2028 amid headwinds such as the Middle East tensions and an intense El Niño weather event. The Southeast Asian nation’s economy is seen growing by 3.5% to 4.5% this year, before picking up to 5% to 6% annually from 2027 to 2030, according to a memorandum by the Development Budget Coordination Committee.

Philippines Sees Slower Growth, Weak Peso Beyond 2028 The Philippines has cut its economic growth targets and sees a weaker peso beyond the end of the term of President Ferdinand Marcos Jr. in 2028 amid headwinds such as the Middle East tensions and an intense El Niño weather event. The Southeast Asian nation’s economy is seen growing by 3.5% to 4.5% this year, before picking up to 5% to 6% annually from 2027 to 2030, according to a memorandum by the Development Budget Coordination Committee. [Image text:] TUMPOI TUMPOK 20
Philippines (LOCATION) Ferdinand Marcos Jr. (PERSON) the Middle East (LOCATION) El Niño (PERSON) Southeast Asian (ORG) the Development Budget Coordination Committee (ORG)
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