PH growth may accelerate under Duterte term – Nomura

Philippine economic expansion may quicken under the six-year term of President Duterte, as plans to bolster infrastructure spending and pursue tax reform measures will bode well for more investments, investment bank Nomura said.

GDP is seen rising at an average of 6.7 percent until 2022, much faster than the average 6.2 percent growth expected in the 2010-2016, Nomura said in a report released Thursday.