The World Bank says the Philippines will remain a top performer in East Asia, with its economy forecast to grow close to 7 per cent in the next three years.
A bank report released Tuesday said the economy is projected to grow 6.9 per cent this year and next, and 6.8 per cent in 2019, with government's implementation of planned infrastructure projects to spur additional business activity, create more jobs and increase household consumption and poverty reduction.
The report said the poverty rate fell to 21.6 per cent in 2015 from 25.2 per cent in 2012 thanks to higher employment, low inflation and improved incomes.
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