PH economy most ‘resilient’ in Asean

The Philippine economy is not only the fastest-growing among Asean nations, it is also the most resilient, according to the National Statistical Coordination Board (NSCB).

The NSCB said that data from the 2012 Asean Community Progress Monitoring System (ACPMS) Report shows that the Philippine economy was on a “precarious roller coaster ride before it latched on its current high growth trajectory.” The report said the country maintained positive growth rates despite the global economic meltdown of 2008 and 2009.