The Philippines may surpass China to be Asia’s fastest growing economy this year — Can it last?

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Peace and Freedom

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Rows of condominium buildings are seen behind a middle-class residential district in Mandaluyong, Metro Manila. The economy grew 6.4 percent in the first three months of the year, second only to China, July 4, 2012.

Reuters

The Philippines may surpass China to be Asia’s fastest growing economy this year, but its bigger challenge is working out how to sustain and share the gains of the past five years to secure longer-term prosperity.

Since President Benigno Aquino came to power in 2010 and embarked on a reform and governance push, the Philippines has become a hot investment favorite and one of the fastest-growing economies in the world.

Investors now want to know how the Southeast Asian country will be able to sustain fiscal and economic policies that have spurred growth and reduced poverty after Aquino’s term ends next year.

“We think that 2016 is critical in terms of the…

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