The Philippines is emerging in 2024 as one of the most exciting growth economies in ASEAN, but globally. In light of pro-business reforms, the GDP growth rate is projected at between 5-6% for the year ahead, with some forecasts suggesting it could reach as high as 6.4%. This growth is driven by positive investor and consumer sentiment, public infrastructure spending, and rapid growth in the digital economy.
With economic policies are geared towards inclusive, market-driven growth, the financial and banking sectors are embracing new and emerging investment options, particularly in the digital economy. The digital economy is also a significant contributor, $35 billion in 2023, contributing 8.4% to the country’s GDP.
Interviews
Interview with Jaime J. Bautista, Secretary, Department of Transportation
“Opportunities abound for American investors, contractors and consultants in the Philippines.”
25 October, 2024
Interview with Mark Gorriceta, Managing Partner, Gorriceta Africa Cauton & Saavedra
“Now more than ever the Philippines is open and conducive for business under President Marcos’ administration.”
25 October, 2024
