Moody's sees country missing growth targets

THE economy is likely to fall below its growth targets till 2026, Moody's said, but noted infrastructure development will help drive it higher.

The global integrated risk assessment company retained its growth forecast for the Philippines this year and in 2025 at 5.9 percent and 6.0 percent, respectively, below the government's 2024 goal of 6 to 7 percent, and 6.5 to 7.5 percent next year. Its projection for 2026 was lowered to 6.1 percent from the previous 6.2, still under the government's 6.5- to 8-percent target.