(First of three parts) Fund managers around the world have dubbed the Philippines the newest “tiger economy” of Asia. And for good reason. The latest government data showed the economy roaring ahead at its most vibrant pace in decades. In fact, the country’s growth—measured by the rise in the gross domestic product (GDP)—is one of [...]
The Philippines and other economies in the Asia-Pacific will definitely expand next year but way below their growth potential because of the ongoing crisis in the eurozone.
When global finance ministers meet this week in Tokyo, they’ll confront a triple challenge: Economic troubles in three major regions are threatening the world’s economy.
The world economic crisis is expected to slow down the flow of aid in the next few years, with the Philippines expected to be among the most affected, a recent United Nations report showed.
The euro remained under pressure Friday, falling to its lowest level against the yen in more than a decade, prodded by a weak Italian debt auction and Spain’s deficit warning.
World Bank chief Robert Zoellick is welcoming a deal clinched by European leaders to address the region’s debt crisis, saying it may help avert the spread of the financial turmoil to emerging markets that provide half of global economic growth.
