BMI Cuts Philippines 2026 GDP Growth Forecast to 2.6%
BMI, a unit of Fitch Solutions, lowered its forecast from 3.0%, citing sluggish consumption and elevated inflation. The government’s growth target is 3.5%-4.5%.
Another weak quarter of growth in the Philippines prompts forecast cuts at BMI, a unit of Fitch Solutions. Analysts now project 2026 GDP growth at 2.6%, down from 3.0%, and well below the government's 3.5%-4.5% target. Sluggish consumption continues to be a drag, and high inflation looks set to kee…