Asia Unhedged | World Bank sees near 7% growth in Philippines through 2019
A general view of the skyline from the Makati City Hall in Manila, Philippines. Photo: Reuters, Nicky Loh
A general view of the skyline from the Makati City Hall in Manila, Philippines. Photo: Reuters, Nicky Loh
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World Bank sees near 7% growth in Philippines through 2019

Planned infrastructure projects will boost business activity and employment

April 11, 2017 8:59 PM (UTC+8)

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.

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