Fitch maintains PH growth at 5.6%

Global debt watcher Fitch Ratings maintained its 5.6 percent growth forecast for the Philippines this year, citing support from large government infrastructure investments, robust services exports, and private consumption.

- DERCO ROSAL

However, the New York-based credit rating agency warned that the ongoing political turmoil over the alleged misuse of the flood control fund could dampen investor confidence.

"We expect the Philippines' economy to expand by 5.6 percent in 2025, broadly in line with 2023-2024, fueled by the traditional growth drivers of large public infrastructure investments, services exports, and remittance-funded private consumption," Fitch said in a report published on Monday, Oct. 27.

If realized, this expansion would fall within the downscaled target of 5.5 percent to 6.5 percent of the Marcos administration.