... Its 2014 and yet in the Philippines, it feels like its the 1950s. The economy is booming and guess whos responsible? Its you. That Starbucks coffee you bought this morning, that car you purchased this year, that dress and shoes you decided you wanted: all these are fueling a consumption boom with the economy forecast to grow at least 6 percent every year until 2019. That is the longest stretch of such growth since the 1950s post-World War II economic boom when the Philippines was one of Asias fastest-growing economy. To read the story: bloomberg/news/2014-11-26/philippine-economy-expanding-like-it-s-1950s-on-consumption-boom.html ...
Posted on: Thu, 27 Nov 2014 01:13:22 +0000
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