Assessment of the current prospects of the Philippine economy, Albeit the Philippine economy stayed vigorous last year in spite of worldwide headwinds, assumptions for the viewpoint were quieted for some. For the entire year, total national output (Gross domestic product) development was recorded at 5.6%, missing the lower end of the public authority's yearly objective of 6%. In the event that we disregard the noteworthy 9.5% decrease in the pandemic year of 2020, 2023 was the slowest development the economy has seen beginning around 2011.