A total of 88 infrastructure flagship projects for completion next year and beyond will be up to the next administration to continue. Taking all these into consideration, we are optimistic about the Philippine economy. We expect the economy to grow by 7.0 to 8.0 percent this year, and by 6.0 to 7.0 percent next year and beyond.
That said, like the rest of the world, the Philippines faces risks to its growth outlook. Among which are deterioration in the COVID situation and a prolonged Russia-Ukraine conflict.