Awareness: Phililpines’ contribution to global growth

Emerging Economies, Including The Philippines, Are Poised To Take The Economic Spotlight In The Next Decades. It Has The Potential To Become One Of The Top 10 Countries That Can Greatly Contribute To Global Growth Within The Decade, According To A Global Investment Bank.
The Pennsylvania-Based Asset Management Firm, Turner Investment Partners, Reported On The Timp, The Acronym For Four Markets - Turkey, Indonesia, Mexico, And The Philippines - Which, It Said, "Could Be The Next Bric (The Four Large Emerging Markets Of Brazil, Russia, India, And China)," Citing Their Rapid Growth And Qualities Such As Favorable Demographics And Strengthened Economies And Political Institutions That Keep Nations And Stock Markets Expand Rapidly And Profitably. It Cited Turkey's Location, Mexico's Manufacturing Renaissance, Indonesia's Middle Class, And The Philippines' Booming Call Center Industry.

The Morgan Stanley Capital International (Msci) Emerging Markets Index, A Widely Accepted Standard In The Financial Industry, Has 21 Countries, Including The Philippines, On Its List Of Emerging Markets. The Others Are Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Poland, Russia, South Africa, Taiwan, Thailand, And Turkey. The Philippines Is Also One Of "Next Eleven" Economies ("N-11") Identified By Goldman Sachs. The Others Are Mexico, Korea, Indonesia, Turkey, Iran, Egypt, Nigeria, Bangladesh, Pakistan, And Vietnam.

The Philippines May Rise To Become The 16tH Largest In The World By 2050, Says A Study, "The World In 2050," By Hong Kong And Shanghai Bank (Hsbc). The Top 20 Largest Economies By 2050 In The Study Are China, United States Of America, India, Japan, Germany, United Kingdom, Brazil, Mexico, France, Canada, Italy, Turkey, South Korea, Spain, Russia, Philippines, Indonesia, Australia, Argentina, And Egypt. Hsbc Said The Forecast Considered Income Per Capita, Rule Of Law, Democracy, Education Levels, And Demographic Change. "The Philippines Was At An AdVantageous Position By Growing Population, Which, If Properly Educated And Trained, Should Help The Economy Generate More Income," The Study Said.

We Congratulate The Members Of The Economic Team: Department Of Finance Secretary Cesar V. Purisima, Bangko Sentral Ng Pilipinas Governor Amando M. Tetangco Jr., Department Of Trade And Industry Secretary Gregory L. Domingo, And National Economic And Development Authority Director General Arsenio M. Balisacan, Other Officers And Personnel, For Working Together To Achieve Improvement And Change In The Country's Economic Growth Barometer. Congratulations And Mabuhay!

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