{"id":161290,"date":"2018-04-23T21:09:32","date_gmt":"2018-04-24T01:09:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=161290"},"modified":"2018-04-23T21:09:32","modified_gmt":"2018-04-24T01:09:32","slug":"palace-vows-to-sustain-robust-ph-economic-growth","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/04\/23\/palace-vows-to-sustain-robust-ph-economic-growth\/","title":{"rendered":"Palace vows to sustain robust PH economic growth"},"content":{"rendered":"<figure id=\"attachment_161291\" aria-describedby=\"caption-attachment-161291\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/04\/philippines-274824_640.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-161291\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/04\/philippines-274824_640.jpg\" alt=\"According to Moody\u2019s Analytics, the country\u2019s economy will hit 6.8 percent while findings of the Oxford Business Group in Asean CEO survey predicted the gross domestic product (GDP) to register between 6 to 8 percent growth. (Pixabay photo)\" width=\"640\" height=\"480\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/04\/philippines-274824_640.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/04\/philippines-274824_640-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-161291\" class=\"wp-caption-text\">According to Moody\u2019s Analytics, the country\u2019s economy will hit 6.8 percent while findings of the Oxford Business Group in Asean CEO survey predicted the gross domestic product (GDP) to register between 6 to 8 percent growth. (Pixabay photo)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Malaca\u00f1ang on Monday assured that the country\u2019s robust economic growth will be backed up by solid macroeconomic fundamentals and sustained investments in infrastructure and social services.<\/p>\n<p>Presidential Spokesperson Harry Roque made this remark as he welcomed two studies seeing the Philippines\u2019 economy growing by at least 6.8 percent for the first quarter of the year.<\/p>\n<p>According to Moody\u2019s Analytics, the country\u2019s economy will hit 6.8 percent while findings of the Oxford Business Group in Asean CEO survey predicted the gross domestic product (GDP) to register between 6 to 8 percent growth.<\/p>\n<p>The Moody\u2019s Analytics attributed the faster economic growth to increased investments and stronger consumer spending supported by stable inflows of remittances from overseas Filipino workers.<\/p>\n<p>Roque said the country is also expected to remain as one of Asia\u2019s fastest growing major economies over the coming years.<\/p>\n<p>\u201cWe guarantee that the country\u2019s robust economic growth will be supported by solid macroeconomic fundamentals and sustained investments in infrastructure and social services, such as education, health and social protection,\u201d he said.<\/p>\n<p>On the other hand, the Oxford survey found that investors\u2019 sentiment and business prospects for the Philippines remain upbeat.<\/p>\n<p>\u201cWe guarantee that the Duterte administration remains on track in accelerating the country\u2019s growth rate by improving the ease of doing business to transform the country into the one of the world\u2019s leading investment destinations,\u201d Roque said.<\/p>\n<p>Early this year, the government rolled out 75 flagship projects with a combined total investments of USD36 billion under the massive \u201cBuild, Build, Build\u201d infrastructure program by the Duterte administration.<\/p>\n<p>Last year, OFWs\u2019 remittances reached USD28.1 billion, 4.3 percent higher compared to USD26.9 billion in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Malaca\u00f1ang on Monday assured that the country\u2019s robust economic growth will be backed up by solid macroeconomic fundamentals and &hellip;<\/p>\n","protected":false},"author":33,"featured_media":161291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[50172,31449],"class_list":["post-161290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-oxford-business-group","tag-presidential-spokesperson-harry-roque","mauthors-jelly-musico","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/161290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=161290"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/161290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/161291"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=161290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=161290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=161290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}