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Philippines 16th Largest Economy by 2050?

November 23, 2012 - Updated: November 23, 2012

Biggest news in the Filipino community in Toronto is Prime Minister Stephen Harper's visit to the Philippines aimed at getting Canada's foot in the door of a country forecast to be a "star'  economic performer, as reported by the Toronto Star.

 

Interesting talking points that led to this visit:

  • HSBC says that the Philippines is poised to become the 16th largest economy by 2050
  • The Philippine economy is growing at a pace second only to China  and is predicted to grow by an average of 7 per cent over the next 40 years.
  • The Philippines has the largest source country of immigrants totaling 600,000 all over Canada
  • Tagalog is the fastest-growing language in Canada
  • Filipinos are hard working and integrate well.

 

 


Tagged with: manila philippines harper economy trade
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