The Philippine economy will perform better next year and grow by more than 6 percent as the country is expected to be resilient amidst political posturing. During Sun Life of Canada, Inc.
The Philippine economy will perform better next year and grow by more than 6 percent as the country is expected to be resilient amidst political posturing.
The government aims for the economy to grow by 6 to 6.5 percent this year while for next year, the economy is seen to grow by 6 to 8 percent. “This is not the first time that we’ve seen a lot of these what we call political posturing, especially towards the midterm elections. I think a lot of what’s happening in the market is not really politically driven,” Enriquez said.
“This is a good projection of how serious the government is in ensuring that our economy will continue to grow and that is really something that will be picked up by foreign investors,” Enriquez added. “The government has already deployed the budget to the different agencies, but it’s more of the agencies deploying it to projects. So it’s slow. I think a lot of the agencies are quite scared because they’re very well scrutinized by how they spend the money,” Enriquez noted.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines Aims for Upper-Middle Income Economy Status in 2025Philippines' NEDA Secretary Arsenio Balisacan believes the country has a good chance of becoming an upper-middle income economy by 2025. As of now, the Philippines is a lower-middle income economy based on the World Bank's classification.
Read more »
Ginebra San Miguel’s ‘Obra Maestra’ 2025 calendar comes to life with Julie Ann San JoseThe calendar layouts reimagine Julie Ann as different muses inspired by iconic artwork
Read more »
Most Pinoys say life will improve in 2025Nearly half of Filipino adults (47%) expressed optimism that their quality of life will improve in the next 12 months, according to the latest Social
Read more »
PPCRV eyes up to 450k volunteers to monitor May 2025 pollsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Comelec kicks off nationwide roadshow caravan for Eleksyon 2025Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Upgrade Your Workspace: Must-Have Items for 2025Inspire your wishlist with must-have items that blend practicality and innovation to enhance your workspace. From ergonomic electric standing desks to mechanical keyboards, these upgrades can significantly improve your productivity and comfort.
Read more »