World Bank maintains 2026 Philippine growth forecast at 3.7%

MANILA, Aug 3 : The World Bank on Monday maintained its 2026 growth forecast for the Philippines at 3.7 per cent and said the economy's recovery next year was likely to be slower than previously expected.

• "Growth is set to decelerate in 2026 on the back of weak investment, constrained consumption and sustainability," Zafer Mustafaoglu, the World Bank division director for the Philippines, Malaysia, and Brunei told an economic forum in Manila.

• The new forecast was slightly below the 4.1 per cent average growth expected for developing economies in East Asia and the Pacific, Mustafaoglu said.

• The World Bank expects growth to rebound to 5.2 per cent in 2027, below the 5.6 per cent seen in June, and to reach 5.5 per cent in 2028, as public investment gradually recovers and economic conditions improve.

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