Mainly due to increasing development projects by the private sector and the improvement of public infrastructure, the current administration is experiencing economic growth, particularly in the property sector. The Philippines has been successful during the real estate boom, and is predicted to be sustained in the years to come. The table below shows how the Philippines fair, in terms of GDP growth among its Southeast Asian neighbors in the last two years. This growth has been supported by sound and stable macroeconomic fundamentals, characterized by low and stable inflation, a robust financial sector, prudent fiscal ratios, and a healthy external position that has made our economy much more robust and less vulnerable to global volatilities. The average growth in the past five years was, in fact, the highest in nearly four decades. With an average growth rate of 6.2% year-on-year in the third quarter of 2019, accelerating from a 5.5 percent growth in the previous quarter and beating market consensus of 6 percent - even reaching 7.8% in 2017-we can proudly say that the Philippine economy is now traversing a higher growth trajectory path. The Philippine market has been emerging and remains attractive to investors due to its economic fundamentals.
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