THE Philippine economy is among the fastest growing in the Indo-Pacific Region but needs foreign direct investments (FDIs) to sustain that growth, economist Dr. Bernardo Villegas said.

"Our GDP (gross domestic product) right now is really growing on the basis of consumption — revenge spending, revenge traveling, revenge tourism — and all of us are jumping in joy," Villegas said during the Economic Briefing 2023 last February 23.

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