World Bank: Phl to post second fastest growth in Southeast Asia

The Philippines is expected to be the second fastest growing economy in Southeast Asia until 2027, according to the World Bank.

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The Global Economic Prospects June 2025 report showed that the multilateral lender has maintained the 2025 to 2027 economic growth forecasts for the Philippines provided in April.

In particular, the report showed that the country’s economy is projected to grow by 5.3 percent this year, the second highest growth in Southeast Asia next to Vietnam’s 5.8 percent.

While the Philippines is expected to be among the fastest growing economies in the region, the World Bank’s 2025 gross domestic product growth (GDP) forecast for the country is slower than the revised 5.7-percent expansion last year and the government’s six to eight percent growth target for this year.