The Philippine economy accelerated by 6.6 percent in the last quarter, bringing the average full-year gross domestic product (GDP) growth rate for 2016 to 6.8 percent.
With the World Bank forecasting expansion of more than 6 percent for eight years until 2019 -- unparalleled in the nation’s history -- the Philippines is mimicking gains seen in Malaysia and Thailand in the 1990s as they industrialized. Growth in the Philippines was 6.8 percent in 2016, faster than China’s, data released on Thursday showed.
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