According to a report from Philstar Biz, the World Bank kept its Philippine economic growth forecast for 2026 unchanged but lowered its projections for 2027 and 2028.
The revision comes amid an uncertain global environment, with the lender citing external headwinds that could temper the country's growth momentum. The Philippine economy has shown resilience in recent quarters, but weaker global demand, trade tensions, and volatile financial conditions may pose risks to sustained expansion.
The lowered outlook for the next two years suggests the bank expects slower but still positive growth for the Philippines in the medium term. Policymakers have maintained confidence in meeting targets, but may need to adjust fiscal and monetary measures to cushion external risks. The World Bank's projections remain closely watched by investors and businesses as a guide for future planning.