Fastest-growing among major economies in Asia

According to the World Bank’s latest edition of Global Economic Prospects, the Philippines is the world’s 10th fastest growing economy for 2017. Growth is projected to remain robust at 6.8 percent in 2017 and 6.9 percent in 2018. This growth is led by strong domestic demand, recovery in exports and implementation of planned infrastructure projects which spur additional business activities, create more jobs and increase household consumption and reduce poverty.