Philippines seen to grow fastest in ASEAN next year

[snoop1130]

Chua Hak Bin, regional co-head of macro research at Maybank, Kim Eng said during the bank’s virtual Year-end Market Forum and Anniversary Celebration that the Philippines would likely book a gross domestic product (GDP) growth of seven percent in 2022.

STAR / Boy Santos, file

 

MANILA, Philippines — The Philippines is on its way to becoming the fastest growing economy in Southeast Asia next year as it continues to gradually recover from the pandemic-induced recession, Malaysian financial giant Maybank said.

 

Chua Hak Bin, regional co-head of macro research at Maybank, Kim Eng said during the bank’s virtual Year-end Market Forum and Anniversary Celebration that the Philippines would likely book a gross domestic product (GDP) growth of seven percent in 2022.

 

This would be the fastest among member countries of the Association of Southeast Asian Nations (ASEAN), with Vietnam seen to be the second fastest at 6.7 percent, Malaysia at six percent, Indonesia at 5.4 percent, Thailand at four percent and Singapore at 3.5 percent. The entire region is expected to grow 5.3 percent next year.

 

Full Story: https://www.philstar.com/business/2021/11/26/2143787/philippines-seen-grow-fastest-asean-next-year

 

-- © Copyright Philstar 2021-11-26

[yogi yogi]

but phil stalled the worst during pandemic so of course its set to be fastest growing as it was hit the worst during covid