Philippine Economic Growth Outlook
According to Fitch Ratings, the Philippine economy is expected to grow by 5.6% in 2025, driven by large public infrastructure investments, services exports, and remittance-funded private consumption.
We expect the Philippines’ economy to expand by 5.6% in 2025, broadly in line with 2023-2024, fueled by the traditional growth drivers of large public infrastructure investments, services exports and remittance-funded private consumption.
However, global trade woes and domestic political uncertainty may impact the outlook. Fitch Ratings maintained its Philippine gross domestic product (GDP) projection at 5.6% for this year, within the government’s 5.5-6% target.
Author's summary: Philippines' growth may stall due to uncertainty, says Fitch.
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