The World Bank has maintained its economic growth forecasts for the Philippines for 2026 and 2027, according to a report by Philstar Biz. The lender expects the Philippine economy to expand at a steady pace despite ongoing spillovers from the Middle East conflict that have clouded the global outlook.
The decision to keep the projections unchanged signals confidence in the Philippines' domestic demand and policy environment. Analysts noted that remittances and services exports continue to support consumption, while infrastructure spending under the government's public investment program provides a buffer against external headwinds.
The World Bank's forecast aligns with other multilateral institutions that have also retained their growth estimates for the country. The Philippine government has set a target range of 6.5% to 7.5% for 2026, and the World Bank's retained forecast suggests the economy remains on track to meet that goal.