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Philippines must continue economic reforms says think tank

Think tank GlobalSource Partners has suggested that the next Philippine president should build on the economic reforms of the Duterte government to attract private capital, whether in infrastructure or elsewhere. GlobalSource Partners Philippine country analyst Romeo L. Bernardo said that if former Senator Ferdinand Marcos Jr wins next week’s election, he will need to quickly assure markets that he has a well-thought-out and cohesive plan and an economic team that can competently implement it. The government is targeting 7-9% gross domestic product (GDP) growth this year. Bernardo identified some risks from a possible Marcos win such as his lack of a clear economic plan for the country.

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