Duterte's Rants Look Unlikely to Derail Philippine Growth
- Philippines ranks among fastest-growing economies in the world
- Infrastructure, remittances, outsourcing boosting the economy
Is a Trump-Duterte Relationship Brewing?
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Neither Donald Trump’s protectionist ambitions nor Rodrigo Duterte’s rants against the U.S. are proving to be enough to derail the Philippine economy’s momentum as one of the fastest-growing in the world.
That’s according to economists surveyed by Bloomberg News, who see growth exceeding 6 percent until 2018. Gifted with a burgeoning middle class and backed by $50 billion of revenue from remittances and outsourcing, the Southeast Asian economy is getting an additional boost from President Duterte’s $160 billion-infrastructure plan.