The Asian Development Bank (ADB) has forecasted the Philippine economy to grow by 6.0% in 2015 and 6.3% in 2016, citing a robust pickup in government spending and infrastructure investments as key drivers. The projection underscores the Philippines’ strong macroeconomic fundamentals, supported by a disciplined fiscal policy and rising domestic consumption.

Public investment in infrastructure is at the core of this expansion, with the government accelerating project implementation to address bottlenecks and enhance competitiveness. This move is expected to stimulate job creation and attract private-sector participation.

ADB’s Chief Economist noted that sustained consumer confidence, alongside a low inflation environment, has bolstered household spending—a critical pillar of growth. Additionally, the stable peso and manageable current account deficits have positioned the Philippines favorably amid regional economic challenges.

However, the report also warns of potential risks, including global economic uncertainties and domestic delays in project execution. Policymakers are urged to maintain momentum, ensuring fiscal discipline while addressing structural issues to sustain long-term growth.

The optimistic outlook reflects the Philippines’ capacity to leverage strategic investments and governance reforms, solidifying its place as one of Asia’s dynamic economies.