World Economy

Philippines to Maintain Growth

Philippines to Maintain GrowthPhilippines to Maintain Growth

The Philippine economy is expected to maintain its growth despite political uncertainty amid the incoming change in leadership, London-based Economist Intelligence Unit said on Monday, ABS reported. “Should [President-elect Rodrigo] Duterte manage a smooth transition and not let his bellicose personality and hard-line attitudes get in the way of maintaining policy momentum, the economy will remain sturdy,” EIU said. EIU Philippine analyst Anwita Basu said the country’s gross domestic product may grow at least 5% annually from this year until 2020.