Manila, Oct. 1 -- The Philippine economy is expected to remain resilient despite the slower performance in the first half of the year amid external headwinds, the International Monetary Fund (IMF) said.

In a briefing at the Bangko Sentral ng Pilipinas office in Manila on Wednesday, IMF Mission Chief Eli Arbatli Saxegaard said the Philippine economy is projected to grow by 5.4 percent this year and 5.7 percent in 2026.

An IMF team led by Saxegaard held meetings in Manila from Sept. 18 to Oct. 1 for the 2025 Article IV Consultation.

The latest projections were lower than the 5.5 percent for 2025 and 5.9 percent for 2026 earlier forecast of the IMF.

"The revision reflects factors related to the first half performance, which was weaker th...