Trade

Oxford Economics: 10 emerging markets will dominate the global economy in the next decade 2019-2028

Helyos Business Development, Financial Services, infrastructures, Real Estate, Tourism, Trade, Uncategorized
  • Most of the top 10 fastest growing emerging market economies are in Asia, in line with expectations that the region is the future of the global economy.
  • The Philippines is set to have the highest increase in its labour force of any of the top 10 which, alongside its GDP growth of 5.3% which is following only the top performer India.

Source: Business Insider

Data: Oxford Economics

Philippines rank 2018 No. 1 Best Country to Invest In

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According to US News & World Reports, the Philippines ranked number one destination for investment in 2018.

More than 7 thousand islands in the Southeast Asian area comprise the tropical nation of the Philippines.

With more than 100 million people, it’s the 13th most populous nation in the world.

English in an official language used in the schools; the country is the third-largest group of English speakers in the world.

Religion is marked by a 92% large majority of people being adherents of the Christian faith.

The Philippines are a member of major international organizations, including the UN, the ASEAN and the WTO, among others.

As an emerging economy, it stands out of the Southeast Asian countries with stable and solid macroeconomic fundamentals, together with remarkable GDP growth during the last years.

GDP is mostly given by remittances from Overseas Filipino Workers, Real Estate and Business Process industries, with strongly growing Tourism.

It’s currently a stage of huge investments for the Country’s infrastructures and it’s opened to direct foreign investments.

Foreign Investments in the Philippines surge 49% in 2018

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Foreign direct investments (FDI) continued to surge into the country for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 percent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said.

Record-breaking Foreign Investments in the Philippines in 2017

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The central bank of the Philippines registered a record-breaking $10-billion worth of net foreign direct investments (FDI) in 2017, up 21.4 percent year-on-year, with all major components posted positive on sustained investor confidence in the country’s economic growth path.