According to Grace Lim, senior Asean and Asia economist at UBS Investment Bank Global Research, the Philippine economy is poised for significant growth this year, driven by higher investments and robust consumption. In a virtual briefing on Wednesday, Lim projected that the Philippine economy would experience accelerated growth, supported by favorable economic conditions and strategic investments.
Lim highlighted that the country’s economic expansion would be fueled by increased domestic consumption and higher investments in key sectors. This optimistic outlook is echoed by other financial institutions, including Moody’s Ratings and the International Monetary Fund (IMF), which have also forecasted strong growth for the Philippines in 2025.
Moody’s Ratings expects the Philippine economy to grow by 6% in 2025 and 2026, positioning it as one of the fastest-growing economies in Asia. The IMF has similarly projected a growth rate of over 6% for the Philippines in 2025, emphasizing the country’s resilience and ability to navigate external headwinds.
The positive economic outlook is further supported by stable inflation rates and accommodative financial conditions, which are expected to boost domestic consumption and investments. The Asian Development Bank (ADB) has also forecasted a growth rate of 6.2% for the Philippines in 2025, underscoring the country’s potential for sustained economic development.
Overall, the Philippine economy is set to benefit from a combination of strong domestic demand, strategic investments, and favorable economic conditions, paving the way for accelerated growth in 2025.
Moody’s Ratings sees PH as among fastest-growing economies in Asia | Philippine News Agency
IMF expects PH economy to grow by over 6% in 2025 | Philippine News Agency
