PH needs more structural reforms to sustain growth above 6% – WB

The Philippines should pursue more structural reforms and invest further in human and physical capital to sustain economic growth above 6 percent in the medium term, the World Bank said.

In its East Asia Pacific Economic Update released on Monday, the Washington-based lender said the Philippines is positioned to remain on a high-growth path despite weak, but recovering, external environment and the impact of natural disasters.