Oxford Economics: PH will be 2nd fastest growing emerging market in 2019-2028

MANILA, Philippines — With an expanding labor force, the Philippines will be eclipsed only by India among emerging markets (EMs) expected to post the fastest economic growth in the next 10 years.

In a February 15 report, UK-based Oxford Economics projected the Philippines’ gross domestic product (GDP) to grow by an average of 5.3 percent between 2019 and 2028, only outpaced by India’s 6.5 percent.

Read more: Philippine Daily Inquirer