Philippines to leapfrog to be 16th largest economy by 2050

HSBC said the Philippines would become a “star performer” in terms of  its economic leap in the global rankings.

It said the advantage of the Philippines was its favorable macroeconomic fundamentals and improving governance.

HSBC said the Philippines was also put at an advantageous position by its growing population, which, if properly educated and trained, should help the economy generate more income over the next decades.

The fact that the Philippines has relatively low income gives it much room for growth, and that its favorable fundamentals will help the country maximize that room, the bank said.

“The most potent recipe for growth is a country that scores highly on the fundamentals discussed but currently has low income per capita. These economies should deliver the highest growth in income per capita as they ‘catch up’ with those with similar fundamentals,” HSBC said.

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AmiSa

Tower A - Ready for Occupancy

Tower B - Finishing Works On the Way 

Tower C - Preselling 

BEACH RESORT CONDO at PUNTA ENGANO, MACTAN

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Azalea Place 

CEBU CITY CONDO ALONG GORORDO AVENUE 

Quality Projects of Robinsons Land Corporation, Cebu

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SOURCE: PHIL DAILY INQUIRER

Expect the real estate industry in the Philippines to boom in the next few years due to the increase demand of residential spaces. This indeed is a big market due to the continuous increase in the population and the influx of foreigners. 

Best Regards, 

Raymund B. Baroy

Account Manager

Robinsons Land Corp. - Cebu Sales Force

Visit Us here: Robinsons Land Premier Properties 

Call/SMS:

Local: 09065549505 / 09229452718

International :  +639065549505 / +639229452718      

Email : raymund.baroy@yahoo.com

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