The Asia-Pacific Antitrust Review 2017

Philippines: Competition Commission

05 April 2017

The Philippine economy has registered a strong performance in recent years, with growth averaging at 6.3 per cent annually from 2010 to 2016 – the country’s highest seven-year average in nearly four decades. Despite the heightened risks that threaten global growth, the Philippine economy is projected to grow further at a rate of over 6 per cent in the near-to-medium term.1 However, while this strong economic performance has situated the Philippines among the fastest growing countries in the world, there remains a continuing challenge of making the growth widely inclusive so as to speed up poverty reduction and reduce the highly inequitable distribution of opportunities across population groups.

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