Growth still expected to fall below targets

THE World Bank continues to expect the Philippine economy growth to miss targets due to its vulnerability to climate and geopolitical shocks.

The Washington-based multilateral organization kept its growth forecast for this year at 5.8 percent, below the government's 6.5- to 7.5-percent target, and raised that for 2025 to 5.9 percent from 5.8 percent — still under the medium-term goal of 6.5 to 8.0 percent.