The Philippine economy should continue to grow robustly in the short term despite threats, Moody’s Investors Service said. In a report, the credit ratings agency said the “re-emergence of conflict in the southern Philippines, as well as the Duterte administration’s focus on the eradication of illegal drugs,” are an “unlikely risk of a deterioration in economic performance and institutional strength” despite them being “rising” threats. According to Moody’s, sound economic and fiscal policies including a focus […]
Tag: 6.5 percent
Philippine economy surges
The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]





