(Eagle News) — Investor sentiments for the Philippines have remained strong and positive.
This is according to the Institutional Investor, a New York-based leading international business publisher, Presidential Spokesperson Ernesto Abella said.
Abella said based on the Investor’s report, the outlook was such “despite the political challenges faced by the Duterte administration.”
“The report cites that (Gross Domestic Product) ranged 6.6 percent for the fourth quarter of 2016, and mentioned the public structure spending, which has remained steady,” he said.
“Furthermore, the recently approved Social Security System pension increase is also seen to boost consumer spending,” he added.
He said the Investor’s outlook was “similar” to Moody’s and the Asian Development Bank’s.
