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Fitch expects Phl growth to pick up
The Philippine Star
|February 05, 2025
Fitch Ratings projects the Philippine economy to gain momentum over the next two years, supported by monetary easing, robust infrastructure spending and investment-friendly reforms.
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In a report, Fitch Ratings analyst Krisjanis Krustins said the debt watcher expects the gross domestic product (GDP) growth of the Philippines to hit 5.9 percent in 2025 and 6.2 percent in 2026.
"Fitch still expects continued strong medium-term GDP growth and gradual fiscal consolidation in the Philippines, as reflected in its 'BBB'/Stable rating, affirmed in June 2024," Krustins said.
However, its 2025 forecast falls below the government's growth target of six to eight percent, while the 2026 projection meets the lower end of the same target range.
"These growth rates are above 'BBB' peers, but below pre-pandemic norms, mainly due to continued weakness in private capital formation," Krustins said.
This story is from the February 05, 2025 edition of The Philippine Star.
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