Philippines can soar to become US$2-trillion economy: WEF

MANILA: The Philippines can become a US$2-trillion economy in the next decade—comparable with the size of Canada, Italy and Brazil today — if it could continue key reforms and sustain strong economic growth, the World Economic Forum (WEF) said.

“We are very bullish on the Philippines, provided the reforms do continue. I think that this can be, in the coming decade, a $2-trillion economy if there are further investments in education, infrastructure and also able to draw on the great competence of the people of the Philippines,” WEF President Børge Brende told a press conference after the roundtable held at Malacanang.