ECONOMIC growth in the Philippines, which has not only been among the fastest in Asia for some time but has also been remarkably consistent for the past several years, is certainly admirable, and a justifiable point of pride for the country. Recent news, however, has provided a bit of a reality check: The economic environment going forward will not be as hospitable as it has been, and it will require more effort to maintain the country’s growth momentum.
The latest of these potentially discouraging reports came from Japan’s Nomura, which suggested that official development assistance (ODA) from China may not have as significant an impact on the Duterte administration’s aggressive infrastructure building initiative as is hoped.
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