EXTERNAL and domestic risks such as a territorial row with China and the feud between President Ferdinand Marcos Jr. and Vice President Sara Duterte could limit Philippine economic growth, Nomura said, with the country seen "navigating choppier seas" in the near term.
The global financial services firm, in its Asia Macro Outlook 2025 report released on Wednesday, expects the country to grow by just 5.6 percent this year, just a notch higher than 2023's 5.5 percent and below the recently revised 6.0- to 6.5-percent target for the year.
