For the second time around, the Philippines is expected to have the fastest growth, compared to the five major economies of the ASEAN in 2017.
|Photo from metrocebu.com.ph|
According to Lazaro, Philippines and Vietnam got the best growth forecast for the following year, among the other ASEAN-5 countries: Indonesia, Malaysia, and Vietnam.
The OECD Economic Outlook is done annually and it primarily focuses on the economic atmosphere of ASEAN-member countries. “Steady economic growth is expected ot continue in the region in 2017,” Lazaro added.
The Philippines will remain to be the co-chair of the Economic Outlook until 2018, which coincides with the chairmanship of the ASEAN summits in 2017. ASCS
Philippines outperforms ASEAN neighbors Reviewed by FilipiNews PH on Tuesday, September 13, 2016 Rating: