Pernia then assured the public that the government remains “vigilant and well-positioned” against downside risks to growth. READ: World Bank expects Philippine economy to 'maintain' growth in 2018, 2019The World Bank’s projections fall below the government’s 7-8 percent target set for this year until the end of President Rodrigo Duterte's six-year term. The Duterte administration plans to spend more than P8 trillion to upgrade the nation’s dilapidated infrastructure and aging ports—dubbed as the “Build, Build, Build” program—to spur GDP expansion until 2022. “Any growth above 6.7 percent would require vigorous investment in physical and human capital to push the economy beyond its current potential output,” the World Bank said. “Investment growth hinges on the government’s ability to effectively and timely implement the ‘Build, Build, Build’ public investment program,” it added.

Source: Philippine Star April 13, 2018 07:41 UTC