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Title:
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Commentary: Philippine economy set to outpace China's
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Author:
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Emmanuel J. Lopez
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Source:
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The Philippine Star
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Date:
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June 24, 2016
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Description:
- Economic authorities agree as of late on the inevitability of a slowdown in the economic activity of China. The prospect was seen from a decrease in the GDP growth rate from a double digit in earlier years to a single-digit growth the past couple of years. Recent reports stated that China had 6.8-percent GDP growth fueled by debt-driven investment spending. From 2011 to 2015, China has incurred an average of almost 7.9-percent GDP growth rate. This type of growth may be seen as a short-term relief to cushion the impact of a slowdown but the long-term repercussion may not entirely be a good prospect for the local Chinese economy not to include accelerated debt obligations.
