Wow! PH 6.5% Economic Growth highest in ASEAN ~SHARE

Despite the Yellowtards attempts to bring the economy of Philippines down by constantly scaring away tourist and foreign investors, our country's gross domestic product (GDP) still grew by 6.5% in the 2nd quarter of 2017 after recovering from a slowdown for the past 3 quarters.

The last three-quarters were bad for us because the Yellowtards tried to paint a very grim picture of the Philippines under President Rody Duterte.

Our agriculture sector grew 6.18% in the 2nd quarter of 2017, and went far beyond the Department of Agriculture's forecast of 5%.



So far, the 6.5% growth in GDP places the Philippines ahead of other Southeast Asian nations that have released their GDP figures for the 2nd quarter. And if the targets of our economist are hit, the Philippines' 2nd quarter economic growth will catch up with India as well as China.

Who would have imagined that Philippine's GDP growth rate will be second China in the Asia?

President Rodrigo Duterte's economic team is targeting an economic growth of 6.5% to 7.5% for the year 2017 and wants to maintain the Philippines' position as one of the fastest growing in Asia.



Last August 17, 2017, Thursday, the main Philippine Stock Exchange index (PSEi) climbed 26.16 points or 0.33% to 8,072.75 points – its highest in over a year.

Because of this good news, Presidential Spokesperson Ernie Abella in a statement said, "Indeed, our growth momentum is on track and that we would sustain our pace for the rest of the year as we continue to lay down the foundation of a comfortable life for all through increased investments in infrastructure and social protection.