PH growth rate stellar but unemployment remains

The Philippines has had an incredible year, ending the Q3 as the second fastest economy in Asia.  The World Bank upgrades its growth forecasts for the Philippines, and think tanks like the Center for Strategic and International Studies in Washington, DC, expect growth of at least 7% next year.  Still, old problems remain.  How long before it trickles down to the poorest of the poor and unemployment declines? 

Read more about the World Bank’s forecast and the unemployment rate on Rappler.