The Philippines stands out in the region as the only country still expected to grow at a healthy pace this year and the next despite weak global economic conditions.
Local policymakers, however, still need to solve the puzzle of how to translate this economic growth into more jobs for Filipinos to reduce poverty across the country, the Asian Development Bank (ADB) said.
“The challenge is how to establish the link between strong economic growth and poverty reduction,” ADB senior economist for the Philippines Norio Usui said at a press conference Wednesday.
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