MANILA, Philippines - The Philippines is expected to be among the
fastest growing economies in the world between 2010 and 2050, according
to a study released by Knight Frank and Citi Private Bank.
In the 2012 Wealth Report, the Philippines is forecast to post a Gross Domestic Product (GDP) growth of 7.3% during the period, making it the 6th fastest growing economy in the world.
FAST
GROWING. The Philippines is projected to be among the fastest growing
economies in the world, according to the 2012 Wealth Report. This and
the graphics below are taken from the report released by Knight Frank
and Citi Private Bank.
The Philippines registered a 7.3% growth in 2010, but slowed down to 3.6% in 2011 as the global economy hit demand for Philippine exports and the government spent less-than-planned on infrastructure projects.
The Philippine government expects the local economy to stay resilient despite the economic challenges of key trading partners in the west. It is targeting a 5% to 6% growth this 2012 -- slower than the 2012 Wealth Report's annual growth forecast.
This 2012 Wealth Report mirrors a study released in January by HSBC, which forecast that the Philippines could become the world’s 16th largest economy by 2050.
read the full Article here http://www.rappler.com/business/10928-ph-to-post-high-growth-until-2050
In the 2012 Wealth Report, the Philippines is forecast to post a Gross Domestic Product (GDP) growth of 7.3% during the period, making it the 6th fastest growing economy in the world.
FAST
GROWING. The Philippines is projected to be among the fastest growing
economies in the world, according to the 2012 Wealth Report. This and
the graphics below are taken from the report released by Knight Frank
and Citi Private Bank.The Philippines registered a 7.3% growth in 2010, but slowed down to 3.6% in 2011 as the global economy hit demand for Philippine exports and the government spent less-than-planned on infrastructure projects.
The Philippine government expects the local economy to stay resilient despite the economic challenges of key trading partners in the west. It is targeting a 5% to 6% growth this 2012 -- slower than the 2012 Wealth Report's annual growth forecast.
This 2012 Wealth Report mirrors a study released in January by HSBC, which forecast that the Philippines could become the world’s 16th largest economy by 2050.
read the full Article here http://www.rappler.com/business/10928-ph-to-post-high-growth-until-2050
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