Philippine Economic Growth Outlook
According to Fitch Ratings, the Philippine economic growth is expected to remain within target this year, despite potential clouds from global trade woes and domestic political uncertainty.
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.
Fitch Ratings maintained its Philippine gross domestic product (GDP) projection at 5.6% for this year, within the government’s 5.5-6% target.
The credit rater noted that large public infrastructure investments, services exports, and remittance-funded private consumption will drive the economy's growth.
Author's summary: Fitch expects 5.6% Philippine growth in 2025.
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