PH Economy Could Grow to a $1.05 Trillion Market By 2029

A US-based think tank predicted that the surging Philippine economy will likely prosper and reach over $1 trillion by 2029. IHS Asia Pacific chief economist Rajiv Biswas said the Philippines could transform into a $1.05 trillion market if it continues to expand at an average rate of 5.5 percent annually over the 2016-2020 period, reports Asian Journal. Biswas said the per capita income would rise from around $3,000 in 2015 to around $6,000 by 2024.