MANILA, Philippines — The Asian Development Bank (ADB) has cut its Philippine economic growth forecast to 4.4 percent in 2026, citing heightened risks from the Middle East conflict.
The figure was downgraded from the 5.3 percent growth outlook last December.
On the other hand, ADB raised its inflation forecast to 4.0 percent for 2026 from the previous 3.0 percent, largely due to high commodity prices globally.
It forecasts a 5.5 percent economic growth and 3.5 percent average inflation for the country in 2027.
