SME growth key to Philippines’ 2025 economic outlook: World Bank
The World Bank’s Philippines Economic Update highlights that boosting private sector growth—especially among SMEs—is key to inclusive, resilient economic growth. Despite global uncertainties and a rising fiscal deficit, the country’s GDP is projected to grow 5.3 per cent in 2025. Reforms in infrastructure, finance, and export capacity are vital to help SMEs scale and compete globally.
The World Bank’s Philippines Economic Update highlights that boosting private sector growth—especially among SMEs—is key to inclusive, resilient economic growth.
Despite global uncertainties and a rising fiscal deficit, the country’s GDP is projected to grow 5.3 per cent in 2025.
Reforms in infrastructure, finance, and export capacity are vital to help SMEs scale and compete globally.
