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Economic growth
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2028

Philippines Growth Racing Ahead of Neighbors

The Wall Street Journal: The Philippines’ economy is shedding its reputation as a laggard and outpacing others in the region—with the fastest growth rate among major economies in East Asia after China. The country notched growth last year of just over 6%, and the central bank targets growth of 7% to 8% in 2015. That compares with 0.9% in Thailand and 5% in Indonesia in 2014. For years, the Philippines was viewed as a sluggish economy marred by graft and bureaucratic inefficiencies. (more…)

InspirAsia, Philippines

May 18, 2015