Trump’s Win, No Effect to PH Economy

 

US PRESIDENT-ELECT DONALD TRUMP
US PRESIDENT-ELECT DONALD J. TRUMP

By: Marites Toledo

 

The Duterte administration’s economic managers made it sure that the Philippine economy remains strong despite businessman Donald J. Trump’s victory in the United States presidential election.

Trump’s victory appeared to be negative to almost all countries in the world, thus, the world economy is moving with uncertainty.

However, Socio Economic Sec. Ernesto Pernia, said the Philippine economy remains strong.

Budget Sec. Benjamin Diokno agreed.

Pernia and Diokno said the 7 percent gross domestic product (GDP) growth for this year remains the same.

For 2017, it will be 6.5% – 7.5% GDP target.

They made it sure that the victory of Trump will endangers the local economy as others perceived.

Trump defeated Hilary Clinton in the Electoral College vote.

According to Pernia, there is “No compelling reason to change it. We have the same growth drivers, and essentially same risks and uncertainties next year.”

Diokno said the Philippines is not affected by what is going on in the global environment, particularly by the Trump’s presidency starting next month.

For 2018, the GDP target was pegged at 7 percent to 8 percent.

Tapat

Tapat

Studied Master of Public Administration. at UP Diliman Past: Philippine Christian University and Project 6 High School

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