ING bullish on PH economy

Dutch banking giant ING sees the Philippines' trend growth rate during the six-year Duterte administration improving to about 6.5 percent even if the economy would be left to an "auto pilot" mode. But if the Duterte administration would be successful in ushering in a "golden age of infrastructure," there will be more upside to gross domestic product (GDP) growth vis-a-vis the government's target range of 7-8 percent, ING Philippines economist Joey Cuyegkeng said in a briefing to clients yesterday. Cuyegkeng's projected trend growth rate of 6.5 percent for 2017 to 2022 is an improvement from the 6.1 percent average growth rate seen in 2011 to 2016 under the term of former President ...Keep on reading: ING bullish on PH economy

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