Contrary to initial fears, President Rodrigo Duterte was not a “disaster” for the economy during his first two years in office, even as London-based economic research firm Capital Economics on Tuesday warned that his “erratic and crass” behavior is a disaster waiting to happen moving forward.
“Two years after coming to power, President Duterte of the Philippines has not been the disaster for the economy that some feared. Growth has remained strong, while economic policy has been left in the hands of technocrats, who have pushed through a number of sensible reforms,” Capital Economics senior Asia economist Gareth Leather said in a report titled “Philippines: A two-year progress report on President Duterte.”
The gross domestic product (GDP) grew 6.8 percent in the first quarter, below the 7 to 8 percent full-year target for 2018, but still among the fastest economic expansion in the region.

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