Tuesday 23 April
Jan 17, 2019 @ 17:45

PH to surpass China’s GDP growth rate in 2020 – ING


The Philippine unit of Dutch financial giant ING Bank sees the Philippines beating China’s economy in two years after slowing down in 2019.

ING Bank expects the Philippine economy to soften to 6.1 percent this year from the projected 6.3 percent growth in 2018 and pick up modestly to a 6.4 percent pace by 2020.

The 6.4 percent growth outlook for the Philippines is nearly double ING’s global growth forecast for 2020 in anticipation of strong private consumption.

China’s gross domestic product is forecast to slow to 6.3 percent this year and 6.2 percent next as US tariffs put a dent on overseas shipments.

Please follow and like us:

Tags: , , , , , ,

Related Stories
Prices are finally slowing down.
WASHINGTON, DC -- Finance Secretary Carlos Dominguez III told leaders of the American business community
The Bureau of Internal Revenue (BIR) is running after foreign employees working in Philippine offshore


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.