BANGKO Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the Philippine economy is poised to grow stronger in the years ahead, backed by sustained solid macroeconomic fundamentals and timely and important government reforms.
Espenilla, in a speech before businessmen during the Management Association of the Philippines economic briefing and general membership meeting held in Dusit Thani Hotel in Makati City, echoed the optimism earlier announced by the World Bank.
The bank the Philippines would continue to be the “fastest-growing economy in the Association of Southeast Asian Nations region from 2018 to 2020, despite some stabilization of investment growth.”
“Moreover, growth projections from third-party assessors are not far from the national government’s target of 7.0-8.0 percent growth in the next three years. We note that growth achieved over the past several years is broad-based and comes from various sources,” Espenilla said.