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Philippines to be second to China in growth in 2016: World Bank

Thursday, October 6, 2016 - 05:50
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A residential block (centre) under construction in the Makati district of Manila. The World Bank predicts that the Philippine economy will grow by 6.4 per cent this year, second to China's 6.7 per cent among developing East Asian economies.

Washington

THIS year, the Philippines will emerge alongside China among the developing East Asian economies in pole position in terms of growth.

They will be followed by Vietnam and Indonesia, the World Bank has predicted.

Its latest East Asia and Pacific Economic Update

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