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Multilateral lender World Bank is expecting the Philippine economy to grow at an average of 6% over the period 2024 to 2026.In its Philippines Economic Update released Tuesday, the World Bank said its outlook for the economy “hinges on the country’s ability to rein in inflation, implement a more supportive monetary policy to foster business growth, and sustain government spending on infrastructure to stimulate economic activity, while safeguarding against the increased global policy uncertainty.
9%, down from its earlier assumption of 6% in October, taking into consideration the slower growth seen in the third quarter of the year.In the third quarter, the economy as measured by gross domestic product —the total value of goods and services produced in a given period— grew by 5.2%, slower than the 6.4% growth seen in the second quarter.
World Bank Philippines Economic Update Zafer Mustafaoglu Neda Arsenio Balisacan
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