Philippines Seen Resilient to Tariffs But Faces Risks, S&P Says

The Philippine economy is likely to be resilient to higher US levies but faces the risk of lower foreign investments amid the global uncertainty, according to S&P Global Ratings.

“The Philippine economy is expected to be resilient to tariffs due to its low reliance on exports,” Nikita Anand, director for financial institutions ratings at S&P, said at a webinar on Wednesday. The Southeast Asian nation’s easier monetary policy may also help shield one of Asia’s fastest-growing economies from volatile external demand, according to S&P.