Philippines: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines
IMF Staff Country Reports, December 14, 2025
Source details
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- Philippines: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines
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Bibliographic details
- Published: December 14, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229031493.002
Key findings and current assessment
- The Philippine economy has achieved successful disinflation on the back of a well-calibrated monetary policy tightening cycle and concerted government measures to reduce food prices.
- Domestic demand, underpinned by public spending, has been resilient, supporting headline growth.
- The Philippines is affected by the recent increase in global trade barriers, though its direct exposures remain relatively limited, playing a mitigating role.
Near-term outlook and projections
- Growth is expected to remain robust but below its potential in the near term amid heightened external challenges.
- Inflation is expected to remain muted.
Risks and vulnerabilities
- Risks are tilted to the downside, stemming from rising global trade barriers and policy uncertainty.
- Natural disasters continue to pose important macroeconomic risks.
Thematic coverage (as stated)
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Crime
- Expenditure
- Inflation
- Prices
- Public debt
Keywords (as stated)
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Economic growth
- exchange restriction
- Financial policy
- Fiscal policy
- Global
- IMF country report No.
- IMF holding
- Inflation
- inflation outlook
- Monetary policy
- Natural disasters
- Public financial management
- staff report
- Structural policies
- Tax policy
- Trade
Content in this bundle
- 1. Recent Macroeconomic Developments