PHILIPPINE economic growth may settle at the low end of the government’s target this year due to global trade risks, the central bank said. “Domestic growth is expected to settle at the low end of the Development Budget Coordination Committee’s (DBCC) target range of 5.5-6.5% in 2025,” the BSP said in its Monetary Policy Report for August 2025. “The moderation in domestic growth prospects for 2025 stemmed mainly from the lower-than-expected growth outturn in Q2 2025 amid slower construction activity due to the election-related ban on government projects. This will be partially offset by the BSP’s monetary policy easing. This is consistent with estimates showing trend total factor productivity growth remaining below pre-pandemic levels,” the BSP said.