A major international credit rating agency said Tuesday it expects the Philippines to sustain an annual growth above 6 percent until 2020. The Philippine economy is projected to grow 6.4 percent in 2018, 6.6 percent in 2019 and 6.7 percent in 2020, according to S&P. “We expect strong domestic demand to drive solid GDP expansion over the next few years, at about 6.5 percent annually,” S&P Global said. “Strong domestic demand and steady services-sector growth will likely remain the primary growth drivers; better implementation of planned infrastructure investments might drive even faster growth,” Standard Chartered said. We expect BSP to keep the policy rate on hold throughout 2017 and 2018,” Standard Chartered said.

Source: The Standard August 22, 2017 12:11 UTC