World Bank maintains PH outlook

The Washington-based multilateral lender World Bank (WB) expects Philippine economic growth to remain below the government’s targets for the next two years.

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In a report on Tuesday, Oct. 7, the WB retained its Philippine projections of 5.3-percent growth for 2025 and 5.4 percent for 2026.

These forecasts are lower than the government’s downgraded growth targets of 5.5to 6.5-percent gross domestic product (GDP) expansion for this year and six to seven percent for next year.

“The Philippines will benefit from robust domestic demand, supported by easing inflation, lower interest rates, and strong labor markets. Growth will also be sustained by public infrastructure investment exceeding five percent of GDP and private investment spurred by the reforms,” the WB said.