Philippines to sustain 6% to 7% growth

The country’s economic growth toward the end of the year and 2014 is seen “to be sustained by 6 percent to 7 percent,” according to an economist.

Though the country is expected to remarkably grow by 6 percent to 7 percent in the following years, Jun Neri, lead economist at the Bank of the Philippine Islands (BPI), said that the country is “not doing what we should do” to achieve 8-percent to 9-percent gross domestic product (GDP) growth “which is the kind of growth we need to sustain growth toward the long term.”