PH to top SEAsia GDP 2014 growth at 7.5%

The Philippines may lead economic growth in Southeast Asia in 2014, with gross domestic product (GDP) seen rising 7.5 percent, boosted by infrastructure spending and preparations by local businesses for economic integration in the region set for next year.

The forecast affirms the government’s target of sustainable 7 percent to 8 percent GDP growth for the long term necessary to alleviate poverty for the larger part of the country’s 90 million people.