Philippine economy projected for 6% growth in 2025

The Philippine economy is on track for robust growth, with projections of over 6% expansion in 2025 and 6.3% in 2026, driven by strong domestic demand.

Finance Secretary Ralph Recto expressed optimism that the fourth quarter of 2024 will see growth faster than the third quarter's 5.2%, potentially reaching 6%.

The International Monetary Fund (IMF) projects economic growth of 6.1 percent for 2025 and 6.3 percent for 2026, supported by sustained public investment and acceleration in the implementation of public-private partnership projects and foreign direct investments following legislative reforms.

Consumer spending continues to drive economic expansion, with full-year GDP growth for 2024 estimated at around 5.9 percent by Rizal Commercial Banking Corporation chief economist Michael Ricafort.

Headline inflation is expected to remain within the government's target range of 2-4%, settling at an average of 2.8% in 2025 and 3% in 2026, according to IMF projections.