00:00It is expected that the Philippine economy will recover quickly this year and in 2026.
00:06This is based on the report of the World Economic Situation and Prospects 2025 of the United Nations,
00:14where the country's economy will increase by 6.1 percent this year and it will recover up to 6.2 percent next year.
00:23The country is one of the strongest performers in the Southeast Asian economies.
00:29According to the UN Department of Economic and Social Affairs, the economic growth of the Philippines
00:34is due to the increased investment activity and private consumption,
00:40as well as the increased revenue collection for the construction of infrastructure
00:46that will boost the country's long-term growth potential.
