PHILIPPINE economic growth is expected to fall near the low end of the government's target this year and also lead other Southeast Asian countries.
PHILIPPINE economic growth is expected to fall near the low end of the government's target this year and also lead other Southeast Asian countries.'The gross domestic product of the top six economies in Southeast Asia is projected to grow at an annual rate of 5.1 percent on average, with Vietnam and the Philippines driving the region's growth,' according to a report authored by Angsana Council, Bain & Company, and DBS Bank.The report projected 6.
'Labor force growth will be most supportive for the Philippines and Indonesia, and positive in Malaysia,' it noted.The report warned, however, that the country still needed to address some issues that could affect the outlook. For instance, the Philippines still lags in 'education, infrastructure, and government effectiveness.'The report also pointed out that 'geopolitics, especially tensions with China, might escalate, disrupting recovery.
Economic Growth Seen Hitting Within-Target 6.1%
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