ADB, S&P cut Philippines growth forecasts
The Asian Development Bank and S&P Global Ratings slashed the economic growth forecasts for the Philippines due to the prolonged impact of the Middle East crisis and weaker investments. The multilateral lender’s Asian Development Outlook September 2026 report released yesterday showed that it now expects the Philippines to grow by 3.3 percent this year, down from 3.8 percent provided last July.
Source: Philstar Biz
https://www.philstar.com/business/2026/09/24/2558445/adb-sp-cut-philippines-growth-forecasts