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InfographicJune 4, 2024

INFOGRAPHIC: Philippines Economic Update June 2024

Philippines: Sustaining poverty reduction in the Bangsamoro Region

The Philippines sustained its growth momentum in Q1 2024, supported by an improvement in global economic activity. Growth will increase to an average of 5.9 percent between 2024-2026, anchored on strong domestic demand and a pickup in global growth. Effectively managing inflation, boosting domestic resource mobilization, improving disaster preparedness, response, and recovery, and sustaining inclusive growth in the Bangsamoro Autonomous Region in Muslim Mindanao will be crucial for sustaining growth, enhancing resilience, and achieving long-term development goals.