• The Philippines’ economic expansion is expected to pick up pace next year, but the growth will remain below the government’s target, according to the World Bank.
  • In its East Asia and the Pacific Update report for April, the multilateral lender upgraded its gross domestic product (GDP) growth forecast for the Philippines for next year to 5.9 percent from the 5.8 percent provided last January.
  • The latest GDP forecast for 2025 is faster than the projected 5.8 percent GDP expansion for this year.