Philippine Economic Outlook 2025. Moreover, the free trade agreement between the philippines and south korea, which came into effect in december 2024, is poised to strengthen bilateral relations and boost economic collaboration. The lender’s growth forecasts for the philippines are at the low end of the.

In its east asia and pacific economic update for october, the world bank said the philippine economy is projected to grow by 6.0 percent this year, up from its earlier 5.8 percent forecast. For 2025, it forecasts philippine economic output to expand by 6.1% from 5.9% in its april forecast.