PHL reforms needed amid growth promise –think tank

Quick Summary:

WHILE the Philippines is seen to be the second fastest-growing economy within Southeast Asia in the next decade, it must address its issues on education, infrastructure and government effectiveness as well as the tensions with China, according to Southeast Asia Outlook for 2024-34 authored by Angsana Council, Bain&Company and DBS Bank.

In addition, the Southeast Asian Outlook report cited geopolitics, especially the Philippines’ tensions with China, which it noted might escalate, disrupting the country’s recovery.

The report expects Southeast Asia to grow GDP by 5.1 percent on average in the next decade.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaMalaysiaSingaporeThailandVietnam

Topics: Report Decade Southeast Noted Philippines Infrastructure Outlook Percent Growth Asia Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 16:09:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21888095

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