Pres. Duterte - PH projected to become world’s 25 largest economy

Pres. Duterte - PH projected to become world’s 25 largest economy




President Rodrigo Roa Duterte said this during the leaders’ roundtable session on promoting green and sustainable development at the Belt and Road Forum for International Cooperation in Beijing, that the Philippines is projected to become the 25th largest economy in the world in PPP (purchasing power parity) terms.

The country is on the path of economic resurgence and will soon become an upper middle-income country, the President declared this at the Belt and Road Forum for International Cooperation.

Duterte highlighted the country’s progress ad achievements as he vowed with his economic team to further improve economic productivity,promote clean and green infrastructure network.

President Duterte and his cabinet (phoot credit to Malacaang)

“The Philippines, along with the rest of Asia, is on the path of economic resurgence,” he said during the leaders’ roundtable session on promoting green and sustainable development.
“By 2020, the combined economies of Asian countries will be larger than that of the rest of the world. The Philippines, in particular, is set to join the ranks of upper-middle-income countries as it is projected to become the 25th largest economy in the world in PPP terms,” he said.

The President noted that the Philippines’ national development plans were aligned with the United Nations 2030 Agenda on Sustainable Development.

He highlighted the government’s infrastructure development program (BUILD BUILD BUILD) that seeks to transform the the country into “one integrated economic space.”

At least 75 big-ticket infrastructure projects worth $41.6 billion dollars will be implemented in the medium-term, according to the President.
“Our goal is to promote new growth centers outside the already congested urban-industrial region surrounding Metropolitan Manila. This will create more job opportunities for our people,” he said.






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Report from Manila Bulletin

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