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The Philippine Election Could Shake Up Rising Tiger's Economy

It's up to the next leader to sustain a remarkable turnaround in the country's economic fortunes
PHILIPPINES-VOTE-DUTERTE
Photographer: Noel Celis/AFP via Getty Images

The Philippines is heading to a presidential election on May 9 that's likely to shape geopolitics in the region and determine whether one of Asia's oldest democracies can sustain its economic turnaround.

Once Asia's "sick man," the nation of 101 million people has earned World Bank praise as the continent's "rising tiger" under outgoing leader Benigno Aquino III, posting average six-year growth of 6.2 percent, the fastest since the 1970s. Aquino can’t run again because of the nation’s six-year term limit.