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The Philippines has grabbed the spotlight amid a lackluster global economy, with a think tank describing it as a “rising star” poised to record one of the fastest growth rates in the world and a credit-rating firm raising its growth forecast for the country.
Moody’s Analytics said in a report released Wednesday that the Philippines is likely to grow between 6.5 and 7 percent this year and within the same range next year, outperforming not only the anemic advanced economies but also many robustly growing emerging markets.
It also said that if favorable economic trends continue, the growth rate for the Philippines could be close to 8 percent by 2016.
“The Philippines has been among the brightest parts of a generally gloomy global picture,” Moody’s Analytics said in the report, titled “Philippines Outlook: Asia’s Rising Star” and authored by its senior economist Glenn Levine.
It said the story of the Philippines was noteworthy, noting that the country swung from being a “perennial underachiever” in Asia until the last few years.
Moody’s Analytics, a sister company of credit rating watchdog Moody’s Investor Service, said the country’s 6.6-percent growth in 2012 was achieved despite weak growth in the United States, a crisis in the eurozone and a slowdown in China.
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it's a good new but it isn't enough for people
to see it, because still the country is paying debts
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it's a good new but it isn't enough for people
to see it, because still the country is paying debts
paying debts is natural and typical same as other countries. This debt are became funds for our infrastructure projects..
here's the best diagram to explain why investment grade is important to our country.
(http://static.rappler.com/images/credit-rating-upgrade-what-it-means-for-filipinos-20130130.png)
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paying debts is natural and typical same as other countries. This debt are became funds for our infrastructure projects..
here's the best diagram to explain why investment grade is important to our country.
(http://static.rappler.com/images/credit-rating-upgrade-what-it-means-for-filipinos-20130130.png)
its true but still more people can't feel that
anyway if these keeps up the country would develop more
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IMO, di agad mararamdaman ng mamayan ang pag-unlad and dapat is consistency at mapagpatuloy ang ganyan resulta. Even ung mga katabi nating bansa like Malaysia, Thailand and Indonesia ay di agad agad ang pgunlad n naranasan nila pero sana makopya nten ang ginawa nila pra matuloy ang pgunlad ng Pilipinas.. Im still positive that we can achieve it.
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sana nga makopya at mapanalitili nga ito ng gobyerno
dapat consistent ito for at least ten years or so para maramdaman talaga yun change
sa dami ng corrupt ngayon mahihirapan tayo pero kakayanin naman basta tuloy lang ito