The Philippine economy grew 3.0% year-on-year in 4Q25, falling short of expectations and marking the weakest pace since 1Q21, according to UOB's Global Economics & Markets Research. For the full year, real GDP grew 4.4% in 2025, below the forecast of 4.6%. Looking ahead, the expectation for a modest recovery to 5.0% in 2026 remains intact, supported by various factors including the Philippines' ASEAN chairmanship. Weak growth outlook for Philippines"The Philippine economy grew 3.0% y/y in 4Q25 (from a downwardly revised 3.9% in 3Q25), marking the weakest pace since 1Q21 and undershooting our estimate and Bloomberg consensus of 3.7%." However, any rate cut is unlikely to be immediate, given the BSP’s cautious guidance in Dec and a global monetary policy environment nearing the end of the easing cycle."