The Philippines must step up efforts to reduce its persistent budget deficits and consider paring back fiscal incentives to help it sustain its economic momentum, according to the
The government must also enforce reforms to boost investments and job creation, as well as improve its climate resilience, the OECD said in its inaugural Economic Survey of the Philippines launched on Thursday.
Over the past decade and a half, the Southeast Asian nation has been one of the world’s fastest-growing emerging market economies, with per capita income more than doubling since 2010 and poverty ...