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flag The Philippines faces up to 2% annual GDP loss from climate change without stronger adaptation, the IMF warns.

flag The IMF warns the Philippines could lose up to 2% of annual GDP to climate change if adaptation measures aren’t strengthened, citing frequent typhoons and rising sea levels. flag Climate shocks already cost 0.2–0.3% of GDP yearly, driving inflation up by 0.6 percentage points, especially in agriculture and rural areas. flag In 2025, 23 tropical cyclones caused billions in damage, slowing growth to 4% in Q3 and lowering GDP forecasts to 5.1% for 2025 and 5.6% for 2026. flag The IMF urges temporary inflation tolerance, lower food import tariffs, and stronger infrastructure and fiscal resilience to counter climate risks while balancing monetary policy.

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