The Philippine economy grew by 7 percent in the second quarter of the year, landing at the upper end of the 6 percent to 7 percent GDP growth target for the period. Asked if President Duterte’s anti-US comments have had an impact on the third quarter GDP, Pernia noted that would likely affect the fourth quarter results since the comments were made toward in September. The US government cannot compel the private sector,” Pernia said. Moving forward, should the investment from China and Japan push through, the Philippine economy would catch the windfall in 2017, Pernia noted. And also from Japan, something like 19 billion—both government and private sector,” Pernia noted.

Source: Manila Times November 03, 2016 16:39 UTC