Philippines seen to lead Southeast Asia growthThe World Bank headquarters is seen in Washington, DCWorld Bank reportMANILA, Philippines — The Philippines is projected to be the second fastest growing economy in Southeast Asia this year and the next, according to the World Bank. Both growth forecasts are unchanged from those provided by the World Bank in December last year. If realized, the Philippines will be the second fastest growing economy in Southeast Asia for this year and 2025. If this forecast is realized, the Philippines would remain the second fastest-growing economy in Southeast Asia, with Vietnam projected to post the highest growth at 6.7 percent in 2027. The World Bank said that the risks to the outlook in East Asia and the Pacific, which includes the Philippines, remain tilted to the downside.
