MANILA, Philippines—A relatively young population bolstering the labor force would help Manila to become among the fastest-growing cities in Southeast Asia until 2035, UK-based Oxford Economics said.
Richard Holt, Oxford Economics head of global cities research, projected in a report that the Philippine capital could grow its gross domestic product (GDP) by an average of 5.8 percent from 2021 to 2035.
In Southeast Asia, only Ho Chi Minh City will grow faster, by 7.2 percent, during the same period. Jakarta’s growth in the next 15 years was estimated at 5.7 percent; Kuala Lumpur, 4.5 percent; Bangkok, 3.3 percent and Singapore, 2.8 percent.
Across the 33 Asia-Pacific cities cov…
Keep on reading: UK think tank: Manila’s young population to keep city’s growth among fastest in Asean