IMF upgrades Phl growth forecast for 2026

The International Monetary Fund (IMF) has raised its 2026 economic growth forecast for the Philippines, signaling continued confidence in the country’s resilience and reform-driven momentum.

In its latest World Economic Outlook report, the IMF now expects the Philippine economy to grow by 5.9 percent in 2026, slightly higher than its previous forecast of 5.8 percent. 

For 2025, the country’s gross domestic product is projected to expand by 5.5 percent — well within the government’s target range of 5.5 to 6.5 percent.

The IMF earlier noted that the Philippine economy remains robust despite external headwinds and policy uncertainties.

“The Philippine economy holds significant potential with a sizable demographic dividend and abundant natural resources. The government has been undertaking reforms to reduce infrastructure, health, and education gaps, promote foreign direct investment, and diversify the country’s export markets,” said IMF Mission Chief Elif Saxegaard.

She added that these efforts should be complemented by stronger social protection programs, greater digitalization, and increased resilience to climate shocks and natural disasters.

The IMF’s latest projection reflects a cautiously optimistic view of the Philippines’ economic trajectory, buoyed by sound fundamentals, strategic reforms, and a growing focus on inclusive and sustainable development.