The sick man of Asia transforms into a tiger economy
The Philippines continues to surprise economists with its impressive growth rates even in an otherwise lackluster global economic environment. For example, the country’s GDP increased 7 per cent in the third quarter this year from a year earlier, the fastest pace since the same period in 2013, exceeding expectations once again.
Here is our infograph on Investing in the Philippines:
This trajectory started under the Benigno Aquino III administration, but is set be continued under incumbent President Rodrigo Duterte, who is seeking to relax business restrictions and cut taxes in a bid to attract more foreign investment and build on the economic success of his predecessor.
In the medium term, annual GDP growth in the Philippines should continue to hover in the 7- to 8-per cent range, economists predict, which makes ideal conditions for foreign investments, additionally building upon good demographic dividends, upcoming infrastructure improvements and a stable currency.
Learn more about Century Spire Offices and how you can locate to the investment friendly Philippines
The Philippines continues to surprise economists with its impressive growth rates even in an otherwise lackluster global economic environment. For example, the country's GDP increased 7 per cent in the third quarter this year from a year earlier, the fastest pace since the same period in 2013, exceeding expectations once again. Here is our infograph on Investing in the Philippines: This trajectory started under the Benigno Aquino III administration, but is set be continued under incumbent President Rodrigo Duterte, who is seeking to relax business restrictions and cut taxes in a bid to attract more foreign investment and build on...
The Philippines continues to surprise economists with its impressive growth rates even in an otherwise lackluster global economic environment. For example, the country’s GDP increased 7 per cent in the third quarter this year from a year earlier, the fastest pace since the same period in 2013, exceeding expectations once again.
Here is our infograph on Investing in the Philippines:
This trajectory started under the Benigno Aquino III administration, but is set be continued under incumbent President Rodrigo Duterte, who is seeking to relax business restrictions and cut taxes in a bid to attract more foreign investment and build on the economic success of his predecessor.
In the medium term, annual GDP growth in the Philippines should continue to hover in the 7- to 8-per cent range, economists predict, which makes ideal conditions for foreign investments, additionally building upon good demographic dividends, upcoming infrastructure improvements and a stable currency.
Learn more about Century Spire Offices and how you can locate to the investment friendly Philippines
