The International Monetary Fund (IMF), World Bank (WB), and Asian Development Bank (ADB) share these expectations. In fact, all three forecast that the Philippine economy will grow by about 6.2 to 6.5 percent this year. The bold reforms and initiatives in the past three years have prompted the government to capitalize on and sustain these gains.
It is because of this that we believe the Philippine growth momentum will be sustained moving forward. First is the government’s ambitious infrastructure program—“Build, Build, Build” which aims to boost the economy’s mobility and connectivity, enabling equitable growth and development.