J.P. Morgan Confirms that the Philippines Is Now In Economic Growth Sweet Spot


One of the world's most prominent banking company, J.P. Morgan, confirmed during an interview with Inquirer that the Philippines is now in the economic growth sweet spot in Asia. Economists noted that this is the best shot we've had for a while.


The statement that the Philippines is now in the economic growth sweet spot came from top regional economists of J.P. Morgan as they described the current economic situation in the country is really positive.

J.P. Morgan also stated that the Duterte administration has a unique opportunity - not seen in the Philippines since the mid-1990's - to put the country one a more equitable growth path.


JP Morgan Chief Economist for ASEAN Sin Beng Ong expressed bullishness about the prospects of the economy for growth, addition that this is accentuated by the fact that the government's economic manager recognize issues that need to be addressed and are focused on fixing structural weakness.

The JP Morgan economist also noted that the government's thrust toward helping more small and medium enterprises thrives is a positive step toward narrowing the wide income gap between the country's richest and poorest citizens.

With the positive growth and the confirmed economic sweet growth spot of the Philippines combined with the Duterte administration's focus on the proposed P9-trillion infrastructure buildup, conditions are ripe for the Philippines to experience more sustained top line growth of "closer to 7 percent," even as the benefits of that growth are spread more evenly across all socioeconomic strata.

Source: Inquirer



J.P. Morgan Confirms that the Philippines Is Now In Economic Growth Sweet Spot J.P. Morgan Confirms that the Philippines Is Now In Economic Growth Sweet Spot Reviewed by Phil Newsome on 7/20/2017 Rating: 5

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