The Philippines is expected to remain the fastest-growing economy in Southeast Asia and one of the best-performing in East Asia and the Pacific, says the World Bank. The bank expects the Philippines’ economy to grow by 6.6% this year, slightly down from 7.2% in 2013, but rising to 6.9% next year.
“Further reforms, including the removal of remaining barriers to doing business for firms of all nationalities and sizes as well as improving logistics, will strengthen the country’s competitiveness and enhance its capacity to generate more and better jobs,” says the report.
