Snapshot: Economy under Aquino

Jul 21, 2013 9:18 PM PHT

Rappler.com

SUMMARY

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Take a look at where the economy stood when the President took office in 2010, and what has changed since

MANILA, Philippines – Economic growth that benefits all. That’s one of the main goals of President Benigno Aquino III. After all, high growth is meaningless if it doesn’t lift the quality of Filipinos’ lives, he says.

More than 3 years into his term, the Philippines boasts of the fastest growth rate in the region, a low budget deficit that helped it earn its first ever investment grade, and more jobs.

But latest government data show that despite economic gains, the country’s poverty rate hardly fell from 2009 and 2006 levels. Below are fast figures showing where the Philippine economy stood when Aquino assumed office, and what has changed since. – Rappler.com