This brings about strategic competitiveness. The Philippines’ competitive sdvantage Allow me to relay data on the Philippines’ positive economic position which enables it to compete strategically in the global market. Philippine macroeconomic fundamentals are solid and robust. These support local exporters and entrepreneurs. We have had uninterrupted GDP growth for 75 consecutive quarters (more than 18 ½ years).
GDP expanded 6 percent annually during the past five years. Prospects are favorable and growth is predicted to be between 6.5 to 7.5 percent this year and 7.0 to 8.0 percent over the medium-term. We are well on track with the recently announced third quarter GDP at 6.9 percent!