Palace dismisses growth forecast downgrades by international financial institutions

PTVPhilippines

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00:00The Palace has dismissed recent growth forecasts, downgrades by international financial institutions,

00:06maintaining that the Philippine economy remains on a stable medium-term path.

00:11PCO Undersecretary Claire Castro explained that the lowered projections from the World Bank and ADB

00:18reflect global uncertainties rather than domestic failure,

00:22noting that the economy still grew by 5% in early 2025.

00:27Citing Finance Secretary Frederick Goh, the Palace emphasized that with inflation under control and ongoing reforms,

00:35a gradual economic rebound is expected to strengthen by 2026.

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