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Philippine president-elect to pursue higher growth to reduce poverty

Published 11/05/2016, 12:22
Updated 11/05/2016, 12:30
© Reuters. Presidential candidate Rodrigo "Digong" Duterte talks to the media before casting his vote at a polling precinct for national elections at Daniel Aguinaldo National High School in Davao

DAVAO, Philippines (Reuters) - Philippine president-elect Rodrigo Duterte will pursue annual economic growth of 7-8 percent, or even higher, in a drive to cut poverty, his spokesperson said on Wednesday.

"If we want to reduce the poverty rate, we need a higher growth," Peter Lavina said.

© Reuters. Presidential candidate Rodrigo "Digong" Duterte talks to the media before casting his vote at a polling precinct for national elections at Daniel Aguinaldo National High School in Davao

Under President Benigno Aquino, average annual economic growth has topped 6 percent and this year's target is 6.8-7.8 percent.

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