[Economics] PH economy expected to grow over 6% in 2025-2026

[Rimuru]

The Philippine economy is poised for robust growth in 2025 and 2026, according to projections from both the Department of Finance (DOF) and the International Monetary Fund (IMF). Finance Secretary Ralph Recto expressed optimism that the country's economic performance in the fourth quarter of 2024 surpassed the 5.2 percent growth recorded in the third quarter, bringing the full-year growth close to or above 6 percent. Recto attributed this positive outlook to strong domestic consumption and investments, which are expected to drive economic expansion in the coming years. The IMF shares this optimistic view, projecting a 6.1 percent growth rate for 2025 and 6.3 percent for 2026. The IMF attributes this growth to sustained public investment, declining borrowing costs, and an acceleration in public-private partnership projects and foreign direct investment (FDI). The IMF also forecasts headline inflation to settle at 2.8 percent in 2025 and 3 percent in 2026, both within the government's target range of 2 to 4 percent. The projections for robust economic growth in the Philippines are encouraging, signaling a positive outlook for the country's future. The government's focus on public investment, coupled with the IMF's projections for sustained growth in consumption and investment, suggest a strong foundation for continued economic expansion. However, it is important to acknowledge the potential challenges that could impact the economic outlook, such as global economic uncertainty and geopolitical risks. The government's ability to navigate these challenges and maintain a stable economic environment will be crucial for realizing the projected growth rates.

https://www.pna.gov.ph/articles/1242115