PH climbs to 76th spot among world’s freest economies

From being deemed as a “mostly unfree” economy in previous years, the Philippines returned to the “moderately free” category over the last two years under the Aquino administration, according to Washington-based Heritage Foundation, a conservative think-tank.

The 2015 Index of Economic Freedom cited the Aquino administration’s clear government policies that are delivering substantial improvements in the economy, thus improving the Philippines’ standing from 89th in 2014 to 76th in 2015, according to the latest survey results covering 184 countries in the region.

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