Philippines Tops Southeast Asian Economies in 2022 Growth
• Philippines overtakes Vietnam and Malaysia to become Southeast Asia's fastest-growing economy in 2022 with 5.6% GDP growth • Expansion driven by consumption, services, and investment • Growth slower than government's 6-7% target but fastest in region • President Marcos optimistic about retaining top regional growth in 2023-2024 • Sustaining growth requires government effort amid global risks and domestic political noise