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Buildings in Ortigas business district dwarf houses as seen from Bonifacio Global City in Taguig

Manila, Oct. 19.– The Philippine economy must prepare for potential disruptions from political instability and intensifying natural hazards that could undermine growth amid persistent inflation and global uncertainty, a study by the Philippine Institute for Development Studies (PIDS) warned.

In its report titled “Macroeconomic Prospects of the Philippines in 2024-2025: Toward Upper Middle-Income Status,” authors John Paolo Rivera, Mark Gerald Ruiz, and Ramona Maria Miral said political uncertainties may result in policy shifts, delayed reforms, and reduced investor confidence.

Due to this, the study called for comprehensive risk management strategies to guard against market shocks and noted that corruption, red tape, and bureaucratic inefficiencies continue to discourage both local and foreign investments.

It also underscored that the Philippines’ exposure to natural hazards remains a major threat to economic stability.

As one of the most disaster-prone countries in the world, the nation faces mounting risks from typhoons, floods, and earthquakes.
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