May 11, 2016 / 11:32 AM / a year ago

Philippine president-elect to pursue higher growth to reduce poverty

Rodrigo Duterte (C), a seven-term Philippine mayor, walks with his supporters during proclamation ceremony as a presidential candidate held at a hotel in Manila November 30, 2015. REUTERS/Romeo Ranoco/File Photo

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.

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

Reporting by Neil Jerome Morales; Writing by Karen Lema; Editing by Martin Petty

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