00:00Despite the various challenges in the country, the World Bank expects the economy to grow by an average of 6% from this year until 2026.
00:10According to the Philippine Economic Update of the World Bank, although it is expected to reach 5.9% of the growth forecast in the Philippines this 2024,
00:19due to the following typhoons, the country's ability to grow by 6.1% is still remaining.
00:26Our economy is expected to grow by 6% in 2025, while in 2026, it is expected to fight poverty and improve the income of Filipinos.
00:37Despite this, the government's control over inflation, monetary policy for business growth, and government spending on infrastructure projects for active economic activity
00:52It is important for Filipinos to invest in human capital, especially for the Philippines and the small number of East Asian nations that can grow while its population grows.
01:03Despite this, the government still needs to look at measures to protect the poor and vulnerable sectors due to the threat of calamities.
