{"id":12684,"date":"2017-02-02T09:30:04","date_gmt":"2017-02-02T01:30:04","guid":{"rendered":"http:\/\/primer.com.ph\/blog\/?p=12684"},"modified":"2022-05-24T18:12:41","modified_gmt":"2022-05-24T10:12:41","slug":"world-bank-estimates-ph-growth-over-6-for-8-years-until-2019","status":"publish","type":"post","link":"https:\/\/primer.com.ph\/blog\/2017\/02\/02\/world-bank-estimates-ph-growth-over-6-for-8-years-until-2019\/","title":{"rendered":"World Bank estimates PH growth to over 6% for 8 years until 2019"},"content":{"rendered":"<p>In a report published by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-01-26\/asia-s-new-growth-leader-takes-over-from-fading-tiger-economies\">bloomberg.com<\/a>, the World Bank forecasts that Philippine growth expansion will be more than 6 percent for eight years until 2019 as the country reached 6.8 percent in 2016.<\/p>\n<p>Based on the report, the PH economy is now about $292 billion, which was more than twice the size of Malaysia\u2019s and 10 times bigger than Singapore\u2019s in 1960.<\/p>\n<p>According to debt watcher S&amp;P Global Ratings in its \u201cAsia-Pacific Sovereign Rating Trends\u201d\u00a0report, as cited by <a href=\"http:\/\/www.bworldonline.com\/content.php?section=TopStory&amp;title=s&amp;38p-wb-tag-phl-as-asia-growth-leader&amp;id=139003\">bworldonline.com<\/a>, PH likely grew by 6.6% in 2016, higher than its previous 6.5% forecast given last September.<\/p>\n<p>S&amp;P report stated: \u201cThe stable outlook balances the Philippines\u2019 lower middle-income economy and diminished policy stability, predictability, and accountability against its strong external position, which features rising foreign exchange reserves and low and declining external debt.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><em>Source: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-01-26\/asia-s-new-growth-leader-takes-over-from-fading-tiger-economies\">bloomberg.com<\/a>, <a href=\"http:\/\/www.bworldonline.com\/content.php?section=TopStory&amp;title=s&amp;38p-wb-tag-phl-as-asia-growth-leader&amp;id=139003\">bworldonline.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Bank forecasts that Philippine growth expansion will be more than 6 percent for eight years until 2019 as the country reached 6.8 percent in 2016.<\/p>\n","protected":false},"author":3,"featured_media":12685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2087,127,198],"class_list":["post-12684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-current-events","tag-ph-economy","tag-philippine-economy","tag-world-bank"],"acf":[],"jetpack_featured_media_url":"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2017\/02\/bloom-e1486029940633.png","_links":{"self":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/12684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/comments?post=12684"}],"version-history":[{"count":4,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/12684\/revisions"}],"predecessor-version":[{"id":65235,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/12684\/revisions\/65235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media\/12685"}],"wp:attachment":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media?parent=12684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/categories?post=12684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/tags?post=12684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}