A
lot of critics comes after President Rodrigo Roa Duterte as it continues to
attack him even if his works are very much evident as well as promising.
Although
his survey was soaring high, these critics seem not running out of issues.
After the extrajudicial killing issue and the corruption circus, they are now
playing the failed economy card.
Yet
unfortunately for them, the World Bank itself silenced these paid critics.
In
fact, the World Bank expects the Philippines to sustain robust economic growth
in the next three years even as public investments are seen slowing down.
“The
Philippines will continue to be the fastest-growing economy in the Association
of Southeast Asian Nations (Asean), despite some stabilization of investment
growth,” the Washington-based multilateral lender said in its January 2018
Global Economic Prospects report released Wednesday morning.
 |
Via eatforum.org
|
Moreover,
the World Bank projected the Philippines’ gross domestic product (GDP) to grow
6.7 percent in 2018 and 2019, before growing at a slightly slower rate of 6.5
percent in 2020.
In
addition, World Bank’s forecasts for the next three years were nonetheless
below the government’s target range of 7-8 percent annual GDP growth from 2018
to 2022.
In
December, the World Bank raised its 2017 growth forecast to also 6.7 percent
from the previous projection of 6.6 percent was made “as part of its quarterly
forecast exercise to reflect recent economic trends.”
 |
Via en.etemaaddaily.com
|
“Following
a stronger-than-expected growth of 6.9 percent in third quarter and a revision
of GDP growth for the second quarter, from 6.5 to 6.7 percent, the World Bank
projects 6.7 percent growth for 2017,” it said in a statement last month.
Its
revised 2017 forecast remained within the government target of 6.5-7.5 percent.
SOURCE FROM: PINASCITIZEN.COM
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