Wednesday, October 2, 2013

Philippine Prosperity at a cross road! ...but not without a prize.

The Asian Development Bank's forecast for the Philippines have been estimated at 6.1% slightly lower compared from the previous quarter at 6.8% increase - in fact one of the fastest growth rating amongst the Asean members ever since the country has continuously being monitored by the World bank. That obviously led to world credit rating agencies upgrading the Philippines into an " Investment Grade" status.

The overall picture has been clear that the country has improved tremendously in most sectors of business. Specially a much improve urban development programs mostly participated by a group of high profile private group of companies driving the bulk of the economy. Community Infrastructure projects, Real Estate development and Education are just a few sectors that has been enhanced over the past decade alone. Meanwhile, the Philippine Stock Exchange Index reaching record levels within this year just shows how well the path to serious recovery is in the making. Yet, all these achievements also comes with a prize; as other sectors may also be lagging behind growth.

Philippine Prosperity at a cross road!

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