WORLD BANK WARNS PHL ECONOMY IS OVERHEATING BECAUSE ITS GROWING SO FAST - PHILIPPINE REPUBLIC NEWS

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Monday, April 16, 2018

WORLD BANK WARNS PHL ECONOMY IS OVERHEATING BECAUSE ITS GROWING SO FAST





The World Bank made a statement "The Philippine economy is overheating and growing it more than the capacity will make it at risk." 



Birgit Hansl, World Bank lead economist for the Philippines “We see the economy growing at capacity—all capital assets and labor ... The labor is used nearly completely.” 
An overheating economy occurs when growth is unsustainable, pushing producers to overproduce and keep up with a growing demand. 

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