AMRO：2025年菲律宾年度咨询报告（英文版）

1. Growth of the Philippines’ economy has been steady amid global trade tensions, supported by a domestically oriented economic structure and diversified export markets. Steady domestic consumption and a stable labor market continue to drive growth, while inflation has eased below the target range of Bangko Sentral ng Pilipinas (BSP). The nearterm macroeconomic and financial outlook remains stable, underpinned by firm domestic demand and solid financial soundness indicators. However, sustaini