World Bank Cuts Philippines 2026 Growth Forecast to 3.7% as Oil Shock Clouds Outlook
Updated
Updated · Inquirer.net · Aug 3
World Bank Cuts Philippines 2026 Growth Forecast to 3.7% as Oil Shock Clouds Outlook
2 articles · Updated · Inquirer.net · Aug 3
Summary
3.7% is the World Bank’s new 2026 GDP growth forecast for the Philippines, sharply below its 5.3% December estimate; it also cut 2027 growth to 5.2% from 5.4%.
Policy uncertainty and a mid-2025 review of public infrastructure projects drove an investment contraction that temporarily slowed project execution, the bank said.
Middle East conflict added a terms-of-trade shock, pushing up global oil prices that quickly fed into domestic prices and weakened consumer spending, employment and broader activity.
The downgrade adds to a run of weaker external views on the Philippines, with the IMF, ADB and S&P also trimming their growth outlooks.