World Bank

bank: Hansl pointed to the country track record of successive growth, strong macroeconomic indicators and the rating of credit agencies among "the facts that investors will look for when it comes to where they put their money." However, the World Bank admitted that risks remain. "Lingering uncertainty about this administration reform agenda might be a cause of caution among investors, according to Deutsche Welle. But notwithstanding this uncertainty, the Philippines will continue to grow," said Hansl. The World Bank is the latest addition to the list of financial experts that remain "optimistic but cautious" about the country economic performance as President Rodrigo Duterte nears his first 100 days in office. "It was a fantastic year for the Philippines," said Birgit Hansl, the World Bank lead economist, citing the country strong economic performance in 2015, which was carried over to the first half of 2016. The World Bank forecasts that the Philippine GDP will grow 6.4 percent this year and 6.2 percent in the next two years. The Philippines has some of the biggest mineral reserves in the world, but mining safety is poor Inclusive Growth: The big 'if' Duterte won the presidency on a populist platform promising "real change" and inclusive growth, which means that everyone benefits from economic growth. Additionally, the report further states that sustained economic gains and increased spending on health, education and social protection will help pull down extreme poverty from 7.8 percent in 2016 to 7.2 percent in 2017. (news.financializer.com). As reported in the news.