ADB cuts 2026 Philippine growth forecast to 4.4% on war risks

MANILA, Philippines – The Asian Development Bank slashed its growth forecast on the Philippines for this year, citing heightened risks from the Middle East conflict.

READ: https://business.inquirer.net/584423/sp-downgrades-ph-outlook-to-stable

In its flagship Asian Development Outlook, the Manila-based lender trimmed its growth outlook on its host country to 4.4 percent for this year, from its previous estimate of 5.3 percent.

Expansion is projected to hit 5.5 percent next year.

“Growth will remain subdued amid heightened risks from the ongoing Middle East conflict,” the bank said. “The Philippines is highly exposed given its heavy reliance on imported crude oil and refined oil products.”