HSBC said the Philippines was likely to post an average growth of 7 percent in the next 40 years.
Breaking down the average growth forecast, the bank said the country would likely grow by 8.4 percent from 2010 to 2020, by 7.3 percent from 2020 to 2030, and by 6.6 percent from 2030 to 2040, and by
5.8 percent from 2040 to 2050.
It said the advantage of the Philippines was its favorable macroeconomic fundamentals and improving governance.
Economic officials of the government often harp on what they call the country’s positive macroeconomic fundamentals that include stable inflation, sustained growth over the years (it grew even when the global economy shrank in 2009), stable banking and financial system, and improving fiscal position.
Philippines to leapfrog to be 16th largest economy by 2050 | Inquirer Business
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