Create likely to raise GDP by up to 1%

The newly signed Corporate Recovery and Tax Incentives for Enterprises or Create Act is likely to boost the country’s gross domestic product (GDP) by up to 1 percent of per year, according to an analyst.

In a comment released over the weekend, Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said the Create Act “is groomed as the country’s biggest stimulus measure that would help improve economic recovery prospects and would help boost GDP growth by about 0.5 to 1 percent per year...”