PH needs ‘restart spending’ to spur economy—Sun Life

The country’s economic growth is projected to fall below five percent this year and settle at around four to five percent in 2026, as investments are expected to remain sluggish, according to a Sun Life Philippines official. This falls short of the government's full-year targets of 5.5 to 6.5 percent for 2025 and six to seven percent for 2026 to 2028.

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Speaking on the sidelines of Sun Life’s year-end media event on Monday, Nov. 24, Sun Life Investment Management and Trust Corp. (SLIMTC) President Michael Gerard D. Enriquez emphasized that big changes would need to take place within the next three to six months to improve the country’s current outlook, adding that the government has already been taking steps in this direction.

Enriquez highlighted the need to “restart the spending,” noting that government spending could spur the big push for the economy.