WB Cuts PH Growth Outlook on Oil Shock, Uncertainty

WB cuts PH growth outlook on oil shock, uncertainty

MANILA, Philippines — The World Bank lowered its growth forecasts for the Philippines this year and in 2027, saying prolonged policy uncertainty and a spike in global oil prices have weighed on consumer spending, investment and employment. In its latest Philippine Economic Update released Monday, the Washington-based lender projected gross domestic product to grow 3.7 percent

World Bank maintains 2026 Philippine growth forecast at 3.7%

Flood control corruption cleanup spooks investors, drags PH growth – World Bank

Scrutiny triggered by corruption in flood control projects spoils investor confidence and is a key factor why the World Bank cut its 2026 Philippine growth forecast to 3.7% from 5.3%