In its Global Economic Prospects 2014 report, the Washington-based lender said the Philippines's economy was expected to grow by 6.9 percent in 2013; 6.5 percent in 2014; 7.1 percent in 2015; and 6.5 percent in 2016. The reconstruction and rehabilitation efforts in the wake of Supertyphoon Yolanda is expected to spur this growth and even boost regional growth in the East Asia and the Pacific region, particularly in 2015.