The complimentary reviews are reflected in the upward revisions made by multilateral institutions such as the International Monetary Fund (IMF), the World Bank (WB) as well as the Asian Development Bank (ADB) on the Philippines’ GDP growth forecasts for 2013. All these favorable assessments and bright growth prospects were driven by the solid performance of the Philippine economy across various indicators.
Let me cite four: (1)  Robust and broad-based economic growth. The stronger-than-expected growth performance in 2012 was supported by broadening growth drivers. All major economic sectors advanced during the year. BIS central bankers’ speeches  1  On the supply side, transportation, telecommunication, real estate, and construction business activities pushed the economy forward.