DAVOS, Switzerland: World Economic Forum (WEF) President Børge Brende lauded the Philippines Wednesday for its high gross domestic product (GDP) growth, describing it as the...
DAVOS, Switzerland: World Economic Forum President Børge Brende lauded the Philippines Wednesday for its high gross domestic product growth, describing it as the 'fastest growing' economy among member countries of the Association of Southeast Asian Nations .During a one-on-one dialogue with President Ferdinand 'Bongbong' Marcos Jr. at the WEF here, Brende said the Philippine economy surpassed other countries in Southeast Asia.
0 percent in 2023,' Marcos told business and world leaders attending the prestigious forum here in Davos, Switzerland.'Our fiscal discipline, structural reforms and liberalization of key sectors instituted over the years have enabled us to withstand the negative shocks caused by the pandemic and succeeding economic downturns and map a route toward a strong recovery,' he added.Last December, the Development Budget Coordination Committee said GDP growth could hit the 6.5 percent to 7.
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