BALISACAN: PHILIPPINE ECONOMY REMAINS RESILIENT AMID CHALLENGES

The Philippine economy remains resilient despite domestic challenges and global uncertainties, according to DEPDev Secretary Arsenio Balisacan, citing strong macroeconomic fundamentals and sustained reforms.

Economic growth slowed to four percent in the third quarter but averaged five percent in the first nine months, with forecasts projecting 5.7 percent growth in 2026.

The government targets full-year growth of 5.5 to 6.5 percent this year and six to seven percent next year, supported by a robust labor force, capital investment, and technological progress.

Balisacan highlighted ongoing structural reforms and legislation, including the PPP Code, KP Act, CREATE MORE Act, and ARROW Act, aimed at boosting infrastructure, competitiveness, and market access.

Human capital development and improved public investment quality remain priorities, with the government calling on business, civil society, and international partners to help sustain growth and strengthen institutions.

Source: PhilNews24 | November 21, 2025