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Nomura Securities Cuts Philippines 2026 GDP Growth Forecast to 4.6% From 5.0%

GateNews
Indices

According to Nomura Securities, on May 11, the brokerage cut its 2026 GDP growth forecast for the Philippines to 4.6% from a previous estimate of 5.0%, citing weak first-quarter growth and ongoing Middle East tensions. The Philippines’ Q1 GDP growth slowed to 2.8% from 3.0% in the previous quarter, weighed by domestic corruption scandals and fiscal consolidation measures. Rising energy prices stemming from Middle East conflicts have also pushed inflation higher, eroding household purchasing power.

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