Manila: The International Monetary Fund (IMF) has revised upward its 2026 Philippine economic growth forecast. In its recent World Economic Outlook report, the IMF said it expects the Philippine economy to grow by 5.9 percent in 2026, slightly higher than its previous projection of 5.8 percent.

According to Philippines News Agency, the IMF forecast for the country's gross domestic product this year is a growth of 5.5 percent, which falls within the government's target range of 5.5 percent to 6.5 percent. Earlier this year, the IMF noted that the Philippine economy remains resilient amid external challenges and heightened policy uncertainty.

IMF Mission Chief Elif Saxegaard highlighted the significant potential of the Philippine economy, citing a sizable demographic dividend and abundant natural resources. The government has been implementing reforms to address infrastructure, health, and education gaps, promote foreign direct investment, and diversify export markets. These reforms are recommended to be complemented by strengthening social protection programs, promoting digitalization, and increasing resilience to climate shocks and natural disasters.