8% GDP growth hinges on govt, infra spending

The Philippine economy could expand by up to 8 percent this year if the government effectively declogs its underspending bottlenecks and invest more in infrastructure development, according to an analyst.

Emilio Neri Jr., lead economist at Bank of the Philippine (BPI) Islands, is not just confident the country’s gross domestic product (GDP) could grow faster than the global economy, which the International Monetary Fund has projected to expand by only 3.8 percent this year.