Promising future seen for Philippines
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The Philippines should remain the most promising economy in Southeast Asia because it is performing better than the regional average, UBS Securities said.
In a new report, UBS said that “Of the larger economies, we think the Philippines will continue to prove to be the most surprisingly impressive,” UBS said, citing analysis from economist Edward Teather.
“The Philippines, which recorded [a GDP growth rate of] 5.9 per cent [in the first half], is clearly surpassing the 10-year average growth rate,” it added.
