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World Bank sees PHL growing at below-6% pace until 2027
The World Bank has lowered its economic growth projections for the Philippines for 2025, 2026, and 2027, citing global trade policy uncertainties and an anticipated slowdown in worldwide economic activity.
The updated forecast projects the Philippines' GDP growth at 5.3 percent for 2025, down from the previously projected 6.1 percent.
For 2026, the World Bank projects a growth rate of 5.4 percent, and 5.5 percent for 2027.
These revised figures fall short of the Philippine government's target range of six to eight percent for the respective years and would be the slowest expansion since 2011 if the 2025 projection materializes.
Department of Economic Planning and Development Secretary Arsenio Balisacan indicated that the government might still achieve the lower end of its growth target band despite trade uncertainties, particularly reciprocal tariffs.
The World Bank noted that the US trade policy may hinder exports and manufacturing, and stated that safeguarding growth requires reforms that strengthen climate resilience, increase investments, and boost productivity.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The International Monetary Fund (IMF) has lowered its economic growth forecast for the Philippines for 2025 to 5.5%, down from a previous projection of 6.1%.
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ANZ Research predicts the Philippine economy will slow to 5% growth in 2025 and 5.5% in 2026, falling short of the government's 6-8% target.
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The Philippine economy is projected to grow by six percent in the first quarter, a slight reduction from earlier estimates due to uncertainties stemming from US tariff concerns.
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Budget Secretary Amenah F. Pangandaman stated that there is no immediate need to adjust the government's 6-8% GDP growth target for 2025.
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The World Bank projects the Philippines will achieve upper middle-income economy status by 2027, a year later than the current administration's target of 2026.
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