Standard & Poor bullish on Philippine economy
Posted on February 7th, 2010 under Biz Progress
Global ratings agency Standard & Poor’s forecasts a Philippine economy outperforming the government’s expectation and grow by 3.7 percent this year.
The government has set its economic growth target for 2010 at a range of 2.6 to 3.6 percent.
S&P said the Philippines will be able to follow through on its growth performance last year, when the country barely avoided a recession and grew by 0.9 percent while many other countries had registered contractions.
In its latest report, entitled “Global Credit Portal,” the credit-rating firm said one of the Philippine economy’s strengths is sustained growth in domestic consumption, which countered the ill-effects of declines in export incomes.
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- Global banks bullish on RP’s 2010 economic growth
- American investors bullish on RP economy
- RP economy posts scintillating 7.9% GDP Growth
- Moody’s upgrades the ratings of RP banks’
i do love this website,as a matter of fact i alwys visit your site without knowing who’s the genius behind all of these until i watched spoon on net25!!!Aha Rico Hizon, the first filipino broadcast journalist to hug the untouchable shores of international broadcast companies huh?,,,,me,filpinos and the entire philippines is so proud of you.one day, i like also to become a pride of our country,our inangbayan,in my own field,in my own way,,,god bless you and your family–your fan
my first time to visit this site, and thank you, ‘spoon’ and janice de belen, for guesting rico hizon in your program. rico was such a character, that i was amused at how he spoke proudly of being a filipino! it’s my first time to see such a person who is so proud of his nationality, nakakahawa sya…..thanks for telling us this website, very enlightening and nakapag-papagaang ng kalooban….more power………