Philippines, 6th fastest growing in the world: wealth report

[lastlid]

6908

"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."



http://www.rappler.com/business/10928-ph-to-post-high-growth-until-2050

[Rhose]

:xxgrinning--00xx3: :xxgrinning--00xx3:

[CBM]

Trouble is, in the early 1950's the Philippines WAS one of the richest countries in the world. For its subsequent collapse, the Filipinos have no one to blame but themselves.

Only if:

1. Real progress is made on cutting down corruption

2. Serious investment is made in education, which has fallen into a dire state

3. The RH bill is passed

4. The forest of unnecessary and confusing laws, often honoured in the breach, is severely pruned.

5. The country is opened to foreign investment

6. Planning laws are enforced

does the forecast stand any chance of becoming reality.

[lastlid]

Trouble is, in the early 1950's the Philippines WAS one of the richest countries in the world. For its subsequent collapse, the Filipinos have no one to blame but themselves.

Only if:

1. Real progress is made on cutting down corruption

2. Serious investment is made in education, which has fallen into a dire state

3. The RH bill is passed

4. The forest of unnecessary and confusing laws, often honoured in the breach, is severely pruned.

5. The country is opened to foreign investment

6. Planning laws are enforced

does the forecast stand any chance of becoming reality.

Oh and if they don't end up in a protracted war with China.

[gWaPito]

6908

"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 dour ourespite 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."



http://www.rappler.com/business/10928-ph-to-post-high-growth-until-2050
Key words being '' could be''. By 2050 I could of won the Euromillions :rolleyes:

[lastlid]

Key words being '' could be'' by 2050 I could of won the Euromillions :rolleyes:

Yeah. And Chelsea could win the Premiership this year...:D