Both the World Bank and the International Monetary Fund (IMF) forecast the Philippine economy to expand by over 6 percent annually in 2025 and 2026, defying global challenges. The World Bank projects a 6.1 percent growth in 2025 and 6.0 percent in 2026, while the IMF is more optimistic at 6.1 percent and 6.3 percent respectively.
Both the World Bank and the International Monetary Fund expect the Philippine economy to grow more than 6 percent annually in 2025 and 2026 despite the global challenges.
Data from the Philippine Statistics Authority showed that in the first three quarters of 2024, GDP growth averaged 5.8 percent, below the government’s target. Compared with June projections, growth in EAP is expected to be 0.4 percentage point higher in 2025, partly reflecting policy support in China and strong economic momentum in some major economies.
ECONOMIC GROWTH PHILIPPINES WORLD BANK IMF FORECAST
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Filipino Fencers to Compete in 2025 FIE World CupNathaniel Perez and Samuel Tranquillan will represent the Philippines in the men's individual and team foil events at the 2025 FIE World Cup in Paris.
Read more »
Ring in 2025 at Newport World Resorts with food, fun, and festivitiesAs 2024 comes to a close, Newport World Resorts is preparing for a spectacular New Year celebration. The premier entertainment and leisure destination is
Read more »
Newport World Resorts Announces Grand Countdown Celebrations for 2025Newport World Resorts is gearing up for an unforgettable New Year's Eve with a variety of exciting celebrations across its venues. From the grand Marriott Grand Ballroom to The Whisky Library and Hilton Manila, guests can choose their preferred style of revelry.
Read more »
Philippines Gears Up for Historic Solo Hosting of FIVB Men's Volleyball World Championship 2025Preparations for the Philippines' first-ever solo hosting of the FIVB Men's Volleyball World Championship 2025 intensify as the event draws closer. Thirty-one nations will compete in the September 12 to 28 championship held at SM Mall of Asia Arena and Smart Araneta Coliseum. The Philippine National Volleyball Federation (PNVF) is aiming for an almost perfect hosting experience.
Read more »
A World Welcomes 2025Cities around the globe celebrate the new year with fireworks, light shows, and cultural traditions.
Read more »
Kiribati Leads the World in Welcoming 2025Kiribati, a small island nation in the Pacific Ocean, becomes the first country to ring in the new year, marking the global transition to 2025.
Read more »