An Analysis of the Philippines (Part 2)

As I posted in the first part of my analysis of the Philippines, the country is headed for greatness now, more than any other time. 

The country’s GDP is increasing at a good rate in the midst of declines of other big economies. It is also very worthwhile noting that a good percentage of the Philippine GDP is fueled by domestic spending. It means that consumption is high and it is fueling the growth of the economy.

An Analysis Of Philippines (Part 1)

The Philippines is bound for greatness if its leaders will continue with the good work and exercise caution in handling local and international issues. GDP is high but it remains dependent on Chinese products. The Philippines has also been a recipient of Chinese loans. In this time when the country’s economy seems to have started benefitting from sound economic policies, it is not good for it to be derailed because of careless pronouncements against China about certain territories.

Click --> Part 2 for the continuation.