00:00The United Nations Department of Economic and Social Affairs expects the country's economic growth to accelerate this year and in 2026 making the nation as one of the strongest performers among Southeast Asian economies.
00:14According to Philippine News Agency's report, the UN project, the country's economic growth will reach 6.1% in 2025 and 6.2% in 2026.
00:27UN Department of Economic and Social Affairs Officer Jian-Qian Huang said that economic growth will be driven by strong investment, activity and robust private consumption.
00:40He noted improved government revenue collection also enabled sustained public spending on infrastructure which in turn helped unlock long-term growth potential.
00:53He, however, noted there are risks that could affect the growth outlook such as increasing trade tensions, current account deficits and vulnerability to climate change.
