Ad Majorem.....Wealth Builders
Good News Pilipinas | August 2013
PHL has joined the ranks of fastest growing economies the world. It is ranked 6th The list is topped by Nigeria (because of Nollywood which has grown from 0 to $200 million, the third after Hollywood, second is Bollywood); others are Bangladesh, Vietnam, India and Iraq (?)
PHL is followed by: Mongolia, Indonesia, Sri Lanka. and Egypt.
The countries that would grow the least in the next 40 years are: Spain, France, Germany, Sweden, Belgium, Switzerland, Austria, Netherlands, Japan, Germany. <what does this mean to our OFW and foreign remittances?>
China would overtake US as the worlds biggest economy by 2020 (others say this happened in 2012) and India would overtake China in 2050
Asian share of world's GDP will increase from 27% in 2010 to 49% in 2050; the North American and Europe share of GDP, on the other hand will shrink from 41% in 2010 to only 18%
The world's richest countries by 2050 would be mostly in Asia: Singapore, Hong Kong, South Korea and Taiwan, according to Citi's Wealth Report
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