MANILA, Feb 2 (Reuters) - The Philippine economy will bounce back this year with growth of at least 5%, supported by sound fundamentals and a solid performance in its key revenue sectors, the finance minister said on Monday.
The Philippine economy grew just 4.4% in 2025, well below the government's 5.5% to 6.5% target for the year, as a corruption scandal weighed on public spending and undermined consumer and investor confidence.
Finance Secretary Frederick Go said the country's economic fundamentals were still intact, with inflation in check and credit ratings remaining the same.
"We will bounce back. And we will definitely have a GDP of at least 5%," Go told foreign correspondents.
The government is aiming for growth of between 5% and 6% this year.
"All the other pillars of growth of our country remain solid and reliable," Go said, citing remittance growth from its foreign overseas workers and revenues from the business process outsourcing sector, a key economic driver.
Reporting by Mikhail Flores; Editing by Martin Petty
Source: Reuters