Pantheon Macroeconomics

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  • Philippine GDP growth missed expectations in Q1, slowing to a new post-Covid low of 2.8%, from 3.0%.
  • Public spending is reawakening but consumption matters more, and the outlook is still very difficult.
  • We’ve lowered our 2026 and 2027 GDP forecasts to 4.0% and 5.0%, respectively, from 4.8% and 5.2%.

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Keywords for: 8 May 2026 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence