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Philippines economy

The Philippine economy is the worldu2019s 36th largest, the 13th largest economy in Asia, and the 4th largest economy in the ASEAN region behind Indonesia, Malaysia, and Thailand. As one of the fastest-growing economies in Asia, the country is amongst the so-called Tiger Cub Economies with Indonesia, Malaysia, Vietnam, and Thailand.

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Philippines economy

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  1. Asia Fund Managers AsiaFundManagers.com is the information platform for Asia investments. Investors will find the best Asian funds, fund managers, investment analysis and news at AsiaFundManagers.com. We make investing in Asia more transparent. Philippines economy The Philippine economy is the world’s 36th largest, the 13th largest economy in Asia and the 4th largest economy in the ASEAN region behind Indonesia, Malaysia and Thailand. As one of the fastest growing economies in Asia the country is amongst the so-called Tiger Cub Economies with Indonesia, Malaysia, Vietnam and Thailand. However, the economic toll from the corona virus pandemic does not stop before the Philippine economy. The International Monetary Fund (IMF) expects Philippines’ economic growth at a dismal 0.6 percent this year, but also a strong recovery in 2021, with a growth rate of 7.6%. www.asiafundmanagers.com

  2. Thailand economy Thailand economy did an early job in containing the corona virus outbreak and is often cited as an example of how a country can react. However, this came with a cost. Tourism is crucial to the kingdom with the industry accounting for about 20% of the country’s GDP. With the corona virus pandemic hitting global travel, tourists stayed away, hence hitting the Thai economy. According to the June 2020 World Economic Outlook by the International Monetary Fund (IMF), GDP is forecasted to contract 7.7% this year. 2021 outlook continues to depend heavily on the Covid-19 developments. The property market in Thailand has grown slowly but steadily over the last 10 years, with foreign capital partly responsible for its growth. A better economic outlook, higher take-up, and occupancy rates have also contributed to the real estate market’s successes. Contact Details: Email: invest@asiafundmanagers.com Website: www.asiafundmanagers.com www.asiafundmanagers.com

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