Recto: PH still a bright spot in Asian region

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The Philippines remains a bright spot in the Asia region despite a gloomy global economic outlook due to geopolitical tensions and external pressures, according to Finance Secretary Ralph Recto.

He said international research organizations also expect the Philippines to join the ranks of the world’s 20 largest economies by mid-century. The government will also implement game-changing reforms that will drive investment-led growth benefitting all Filipinos, Recto said. The plan involves proactively preparing the country to mitigate the effects of El Niño on inflation through strengthening agricultural production to ensure food security.

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MlaStandard /  🏆 20. in PH

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