WB cuts PH growth outlook on oil shock, uncertainty

The building of the Washington-based global development lender displays the World Bank Group logo. | File photo by Eric Baradat / Agence France-Presse

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 in 2026, down from the 5.3 percent forecast it issued in December.

READ: IMF, ADB slash PH growth forecast

Article continues after this advertisement

WB cuts PH growth outlook on oil shock, uncertainty

Other newsrooms on this story

Related reading

S&P cuts PH growth outlook to 4.1%

World Bank maintains 2026 Philippine growth forecast at 3.7%

IMF, ADB slash PH growth forecast

Gov't cuts growth outlook for newly upgraded upper-middle-income Philippines

OECD cuts 2026 PH GDP growth forecast to 3.2%

Weak confidence clouds PH spending outlook