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Vietnam, Philippines With Strongest Growth Prospects
Vietnam, Philippines With Strongest Growth Prospects
SATURDAY, 2 JULY 2016 – The World Bank projects that Vietnam and the Philippines will grow strongest among large developing economies in East Asia over the coming years.
In the Philippines, growth is projected at 6.4 per cent in 2016, with an accelerated implementation of public-private partnership projects and strong domestic demand.
“The country benefits from diversified export markets and low global commodity prices,” the World Bank said in its June 2016 Global Economic Prospects report released this week.
The bank further forecast Philippine growth 6.2 per cent in 2017 and 2018.