THE Philippine economy will continue to be strong next year, backed mainly by the ambitious “Build, Build, Build” infrastructure program of the government that will be in full swing in the coming months, Economic Planning Secretary Ernesto Pernia said.
Pernia said growth would continue amid the external and domestic risks that might threaten the economy.
“If 2018 has not been easy for us, 2019 will not be bereft of challenges as well. The global growth expected to slow down starting next year. The external environment seems to be less supportive of our country’s potential economic growth in 2019,” he said.
“But the resilience of the Philippine economy in 2018 will likely continue over the medium term. With key reforms scored this year, we expect the performance of the economy to be robust despite domestic and external risks. This will be supported by the ‘Build, Build, Build’ program gaining steam expected next year,” he said.