The Philippine economy is expected to post growth above 6% until 2016, according to the World Bank. In its 2014 Global Economic Prospects report, the multilateral agency said the Philippines will grow 6.5% in 2016, when the Aquino administration ends its term. Growth is seen hitting 7.1% in 2015, 6.5% in 2014 and 6.9% in 2013. The World Bank noted that consumption, supported by sustained remittance inflows, will remain as the key driver of the economy. Reconstruction and rehabilitation efforts will also help spur growth, offsetting the impact of widespread damage caused by Typhoon Yolanda (Haiyan).
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