Phl economy to grow 5.6% in 2025 - Fitch

Global debt watcher Fitch Ratings expects the Philippine economy to expand by 5.6 percent in 2025, driven by infrastructure spending, services exports and remittance-fueled private consumption.

- KEISHA TA-ASAN

However, domestic political uncertainty and global trade tensions may temper the country's growth momentum in the near term. Still, gross domestic product (GDP) is projected to inch up to 5.8 percent in 2026 and six percent in 2027.

In a peer credit analysis released yesterday, Fitch said private demand should be supported by easing inflation and interest rates.

The credit rating agency noted that growth would likely remain broadly in line with the 2023 to 2024 pace, underscoring the economy's resilience despite recent political noise and external headwinds.

"We expect the Philippines' economy to expand by 5.6 percent in 2025, broadly in line with 2023 to 2024, fueled by the traditional growth drivers of large public infrastructure investments, services exports and remittance-funded private consumption," Fitch said.