Economy to grow 6.7% this year – UNESCAP

In the 2014 Economic and Social Survey of Asia and the Pacific, the agency cited the Philippines’ high growth forecast, which is higher than the projected 5.8% average growth for the region and 4.6% for Southeast Asia this year.

“The Philippines provides an example of growth driven by a conducive policy climate. The government has engaged in significant productive public spending in infrastructure and social areas, while private investment has also increased,” the study said.