The Philippine economy is expected to grow 6.1% in 2025, down from an estimated 6.2% in 2024, Moody’s Ratings said in an outlook. Despite the slowdown, Moody’s described the projection as “above-trend.” The government targets growth of 6-6.5% in 2024 and 6-8% in 2025. Moody’s cited rising employment, higher remittances, and public investment as key drivers of growth, alongside market liberalisation and foreign investment spurring private-sector activity. Growth averaged 5.8% in the first nine months of 2024. Preliminary GDP data for the fourth quarter and full-year 2024 will be released on January 30.