News Release

From Presidential Spokesperson Ernie Abella – On the International Monetary Fund growth forecast for PH

The International Monetary Fund (IMF) retains its 2017 economic growth rate for the Philippines at 6.6%.

The Philippines is still one of the fastest-growing economies in the region, with a very attractive demographic sweet spot, growing consumer base especially middle class with greater purchasing power, market access opportunities due to several free trade agreements in ASEAN, Japan, generalized system of preferences (GSP) trade concessions with US and EU, and aggressive infrastructure programs.

We therefore hope investors to ride on the growth of the country, and not be left behind.