PH growth seen at 6.8%-9%

Among the member-countries of the Association of Southeast Asian Nations (Asean), the Philippines will have one of the highest annual gross domestic product (GDP) growth toward 2030, according to a Nagoya University economic study on Southeast Asia.

The study authored by Ken Itakura, “Asean Prospects Beyond 2015: A Baseline Simulation with GTAP [Global Trade Analysis Program]”—analyzed Asean member-countries and showed that the Philippines is among the countries expected to have higher GDP growth in the region, averaging 7.9-percent annual economic growth.