The Philippines has recently (and repeatedly) been dubbed as Asia’s newest “investment darling”. Last year, CNBC Asia tagged the Philippines as “Asia’s New Darling of Investors” after the country became the fastest-growing economy in Southeast Asia and Philippine stocks posted a Top 10 performance in 2012 compared to other stock exchanges worldwide.
First the good news, then the bad news. The Philippines recorded a stunning 7.8% growth in its Gross Domestic Product (GDP) during the first quarter of 2013 compared to the same period last year, becoming the fastest growing economy in East and Southeast Asia. And yet this good news failed to boost the local stock market, …
Philippine GDP grows 7.8% but stock market tumbles 3.8% Read More »
The Philippines is Southeast Asia’s fastest-growing economy in the 3rd quarter this year, posting an “unexpected” 7.1% increase in its Gross Domestic Product (GDP). The GDP refers to the market value of all final goods and services produced within a country during a certain period. (See also: Top 10 Countries in terms of GDP, GDP …
Philippines’ 7.1% GDP growth fastest in Southeast Asia Read More »
With its revised growth prospects despite a declining global economy, is the Philippines set to finally realize its status as one of Asia’s next tiger economies? Possibly, as seen by upward revisions on the country’s GDP forecasts by three international lending and credit rating agencies.
Gross Domestic Product or GDP is the market value of all final goods and services produced within a country during a certain period. This is in contrast with Gross National Product or GNP which refers to the market value of all goods and services produced by the country’s citizens. GDP vs. GNP While the GDP …
Top 10 Countries: GDP per capita, Gross Domestic Product Read More »
In the United States, a highly controversial issue right now is the debt ceiling limit. The current debt ceiling of the US, set by law, is $14.3 trillion. According to the United States Treasury, this limit was reached in May 2011 and, if the limit is not raised, the US could fulfill all its obligations …
External Debt and Public Debt as % of GDP, by country Read More »