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 cloud the outlook, potentially stalling Philippine growth. 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: Fitch expects 5.6% economic growth in Philippines.