Repost from PHILSTAR by Ted Torres | August 30, 2013
The Philippines is no longer the sick man of Asia but is a fast growing economy, matching even that of China and even besting the former best performer in Asia.
PHL posted a 7.5% growth from April to June, besting the forecast of 7.2% and matching China's peformance. PHL seems to be shifting its growth from being consumption driven to investment driven.
The PHL surpassed the growth rate of other ASEAN neighbors who did:
Indonesia: 5.8%
Vietnam: 5%
Malaysia 4.3%
Singapore: 3.8%
Thailand 2.8%
Others:
Hong Kong - 3.3%
Japan - 2.6%
Chinese Taipei 2.5%
South Korea 2.3%
Congratulations Team Philippines. Mabuhay!
The world is round. Finally we made to the top at least in South East Asia, and even beating the best of the best before
1 comment:
Philippines supposed to be the richest country in the Far East because of its strategic location Filipino just need to wake up and learn to take care of its resources
Eddie A. Borejon
visited this site October 10, 2013
Post a Comment