World Bank sees GDP growth at 6.7% until 2019
The growth momentum depends largely on the infrastructure push.
The World Bank said the Philippines can grow by another 6.7 percent for 2018 and 2019, roughly maintaining the expansion seen last year.
This is according to the World Bank’s East Asia and Pacific Economic Update 2018, according to Business World. It also means that the Philippines will again be the fastest-growing when compared to other Southeast Asian economies over the coming years.
“Investment growth hinges on the government’s ability to effectively and timely implement the Build, Build, Build public investment program,” the World Bank said.
By 2020, growth is seen to slow to 6.6 percent.