The Department of Economy, Planning, and Development (DEPDev) reaffirmed the sustained strength and resilience of the Philippine economy, despite continuing global uncertainties and recent domestic governance challenges. The nation’s strong macroeconomic fundamentals, coupled with years of successful structural reforms, continue to anchor its promising trajectory.
The foundation of this resilience is rooted in sustained economic expansion, easing inflation, a healthy labor market, manageable fiscal deficits and public debt, a broadly stable currency, and a robust banking system. These factors have consistently demonstrated the economy’s ability to weather periods of turbulence.
“Our hard-won reforms have consistently strengthened our defenses against both domestic and external shocks,” DEPDev Sec. Arsenio Balisacan.
“Amid global headwinds, the economy continues to grow. While third-quarter growth moderated to 4.0 percent, the full-year average for 2025 currently stands at 5.0 percent. Furthermore, international institutions project an average growth rate of 5.7 percent for 2026, validating our long-term structural strengths.”
The Economic Team remains consistent in its priorities, aligning all efforts with the Philippine Development Plan 2023-2028. The government is focused on maintaining actual growth in line with the country’s high potential, which remains at least six percent annually, supported by a robust labor force, steady capital investment, and technological advancements.
To reinforce governance and boost investor and consumer confidence, the government has enacted several landmark reforms, including:
- The Public-Private Partnership (PPP) Code: Ensuring faster and more efficient completion of critical infrastructure projects.
- The Konektadong Pinoy Act: Enhancing digital connectivity and market access.
- The CREATE MORE Act: Boosting competitiveness and attracting investment.
- The Accelerated and Reformed Right-of-Way (ARROW) Act: Streamlining the implementation of infrastructure projects.
Furthermore, DEPDev is prioritizing actions to future-proof the economy against environmental, technological, and geopolitical disruptions. This includes a major focus on enhancing the quality of public investments—strengthening planning and budgeting linkages, improving program convergence, and scaling up strategic monitoring and evaluation (M&E) to ensure resources are directed toward high-impact programs. Simultaneously, the focus on human capital development—expanding laws, policies, and projects in health, education, and skills—will ensure Filipinos are equipped for the rapidly evolving economic landscape.
DEPDev calls on its partners in business, civil society, and the international community to maintain their collaboration. By reinforcing governance and strengthening institutions together, the nation can accelerate development and ensure that progress meaningfully reaches every Filipino.
