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INSIGHTS

Philippines: On the fast track to success

Philippines: On the fast track to success
The Philippines have defeated all odds and will make a remarkable recovery in 2015 despite the impact of natural disasters over the past few years. Economic growth is back on track, with public-private programs that will help boost the growth of the private sector, and big events happening this year will fuel the growth for security.

The Philippines have defeated all odds and will make a remarkable recovery in 2015 despite the impact of natural disasters over the past few years. Economic growth is back on track, with public-private programs that will help boost the growth of the private sector, and big events happening this year will fuel the growth for security.

This year will be a positive year for the Philippines, with a forecast GDP growth of 6.8 percent, fueled by inflow of foreign direct investment and remittances. Impacted by a string of natural disasters in the past two years, including Typhoon Haiyan in 2013, the strongest typhoon to ever hit land, the Philippines still managed to achieve a 5.3 GDP growth last year. According to BDO UniBan...

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