World Bank sees near 7% growth in Philippines through 2019
Planned infrastructure projects will boost business activity and employment
A World Bank report released Tuesday forecasts nearly 7% growth for the Philippines over the next three years, according to the Associated Press.
The report projects the country will see 6.9% growth this year and next, slowing to 6.8% for 2019.
Infrastructure projects are expected to boost business activity and employment. The country has already seen higher employment help push the poverty rate down from 25.2% in 2012 to 21.6% in 2015.