The Philippine economy recorded a year-on-year growth of 5.5% in the second quarter of this year. Compared with our July 2025 forecast (5.3%), our updated August 2025 projections show a full-year growth of 5.48%, with a notable Q4 performance of 6.35% (Table 1). This revised forecast is more closely aligned with the government’s updated target range (5.5-6.5%) and indicates steady, accelerated growth. The outlook for 2026 is even more optimistic, with growth expected to reach 6.15% (Philippine potential growth).