The 2010s is the most prosperous the Philippine economy has ever been

Here’s one great reason to toast the decade that’s about to end: It’s the most prosperous the Philippine economy has ever been. Growth in gross domestic product (GDP), noted the economist Arsenio Balisacan, averaged 6.3 percent in the 2010s, the fastest since the 1960s. Without adjusting for inflation, the economy is now more than twice as big, at about P19 trillion, compared with P9 trillion in 2010.

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