On the domestic front, latest surveillance reports from multilateral agencies such as the IMF, the World Bank (W B), and the Asian Development Bank (ADB) continue to expect the Philippine economy to remain one of the fastest-growing economies in 2020—not only in the region, but in the world as well.
They expect the Philippines to grow between 6.1 percent to 6.2 percent during the year. In fact, some market analysts expressed higher growth prospects for the Philippines for 2020.