Fitch Ratings expects PH economy to improve even further in next 2 years

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00:00Fitch Ratings expects the improvement of the Philippine economy over the next two years

00:05due to the enhanced fiscal policy, stable spending for infrastructure, and investment-oriented reforms.

00:13According to one of the economic analysts of Fitch Ratings, it is estimated that the growth

00:19of the gross domestic product of the Philippines will reach 5.9% in 2025

00:26and reach 6.2% in 2026. Moreover, the debt-to-GDP ratio is expected to decrease this year due to

00:36the stable economic growth of the country. However, the speed of fiscal consolidation

00:41will possibly be affected by the upcoming 2025 midterm elections. Despite this,

00:48Fitch Ratings highlighted that the fundamentals of the Philippine economy remain strong.

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