World Bank keeps PHL growth forecasts

THE World Bank has kept its economic growth forecasts for the Philippines despite heightened uncertainty arising from the Trump administration’s tariff policies.

In its bi-annual Global Economic Prospects report, the multilateral lender said the Philippine gross domestic product (GDP) is expected to expand by 5.3% this year, 5.4% in 2026 and 5.5% in 2027.

The World Bank’s forecasts were below the government’s 6-8% GDP target range for this year up to 2028.