INTERNATIONAL MONETARY FUND LAUDED PHL AS THE 2ND FASTEST GROWING ECONOMY IN THE WORLD - PHILIPPINE REPUBLIC NEWS

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Wednesday, April 25, 2018

INTERNATIONAL MONETARY FUND LAUDED PHL AS THE 2ND FASTEST GROWING ECONOMY IN THE WORLD





The International Monetary Fund-World Economic Outlook stated that the Philippines is the second fastest growing economy in the world, and the fastest in South East Asia.
Philippines ranked next to India said to be that the economy boosted due to the high demands of investments and solid domestic demands for business process outsourcing, export and remittances sectors.



The gross domestic product (GDP) growth projection for 2018 is at 6.7 percent and is expected to raised to 6.8 percent for 2019. On its global growth projection is 3.9 percent for 2018 and would at least sustain and or to increased by 2019.
The country will continue to thrive over the next two years despite external shocks, says the International Monetary Fund (IMF) report.


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