PH Economy
PHILIPPINES TO LEAPFROG TO BE THE 16TH LARGEST ECONOMY BY 2050 ACCORDING TO IMF
The Republic of the Philippines is one among those list of developing economy and owns the possibility of being one of the fruitful nation in the next succeeding decades. Our country is highly expected to jump 27 places to become the 16th largest economy by the year of 2050 as projected by The Hong Kong and Shanghai Banking Corporation International Bank. Resounding softly across the 7,100 islands that form the Philippines archipelago, the lilting strains of the country’s national anthem seem to be a reminder of a volatile past. This indeed is a country where invaders trampled its sacred shores, imposing colonization for more than three centuries. Freedom since then has been a thorny crown to wear and the years of toil under colonial masters and then despotic power hungry leaders have marred these pristine islands. Asia’s only predominantly Christian country, the Philippines enjoys one of the highest literacy rates in the world proving it in the large number of our call center agents whether an Information Technology graduate or not, and it would seem that economic prosperity is its destiny. But then man plays a cruel hand where destiny cannot. It has been the curse of the Philippines that its leaders have shorn the country of its value. Will the nation rise again? Perhaps, gentle as the wind that swirls across the country, it already has. The economy of the Philippines is an anomaly in the Asian region in that it has lagged behind other economies, such as those of Singapore, South Korea, and Taiwan. From a position as one of the wealthiest countries in Asia after World War II, sad to hear but we have to accept that the Philippines is now one of the poorest.
Looking to our neighborhoods’ economic status, Japan is falling into depression because of natural disasters they engage every year but still can cope despite of tragedies and much of Europe merged in one, greater China has the
The Republic of the Philippines is one among those list of developing economy and owns the possibility of being one of the fruitful nation in the next succeeding decades. Our country is highly expected to jump 27 places to become the 16th largest economy by the year of 2050 as projected by The Hong Kong and Shanghai Banking Corporation International Bank. Resounding softly across the 7,100 islands that form the Philippines archipelago, the lilting strains of the country’s national anthem seem to be a reminder of a volatile past. This indeed is a country where invaders trampled its sacred shores, imposing colonization for more than three centuries. Freedom since then has been a thorny crown to wear and the years of toil under colonial masters and then despotic power hungry leaders have marred these pristine islands. Asia’s only predominantly Christian country, the Philippines enjoys one of the highest literacy rates in the world proving it in the large number of our call center agents whether an Information Technology graduate or not, and it would seem that economic prosperity is its destiny. But then man plays a cruel hand where destiny cannot. It has been the curse of the Philippines that its leaders have shorn the country of its value. Will the nation rise again? Perhaps, gentle as the wind that swirls across the country, it already has. The economy of the Philippines is an anomaly in the Asian region in that it has lagged behind other economies, such as those of Singapore, South Korea, and Taiwan. From a position as one of the wealthiest countries in Asia after World War II, sad to hear but we have to accept that the Philippines is now one of the poorest.
Looking to our neighborhoods’ economic status, Japan is falling into depression because of natural disasters they engage every year but still can cope despite of tragedies and much of Europe merged in one, greater China has the