Duterte administration reports economic growth in the PH, despite challenges

The Philippines continues to be known as the “rising tiger of Asia,” with a consistent economic growth and stable business environment — despite political uncertainty with the aggressive war on drugs and even under the shadows of President Donald Trump’s “America First” policy, which could threaten outsourced American jobs in the Philippines.

According to the Trade & Industry secretary, the Philippine economy enjoyed a sustained economic growth since 2010, with an average gross domestic product (GDP) rate of 6.0%. In 2016, the Philippines GDP was at 6.8% — higher than China, at 6.7% last year. The projected outlook for the Philippines GDP growth until year 2026 is between 5 to 7.5%.

 

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