PH economy remains stable despite global trade challenges

PTVPhilippines

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00:00Despite global trade challenges, the Philippine economy remains stable.

00:04The International Monetary Fund, or IMF, has lowered its 2025 growth forecast for the country from 6.1% to 5.5%,

00:13but it still has one of the highest growth rates in Southeast Asia.

00:17This is due to strong domestic consumption and a resilient service sector.

00:22The government, on the other hand, is negotiating a free trade agreement with the United States to address trade barriers.

00:28As private consumption rose over 5% in Q1, 2025, and foreign investments reached over $9.3 billion in 2024,

00:38the IMF noted that these challenges are part of a global trend and the Philippines economy is expected to continue growing.

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