SUMMARY
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World renowned economist and “Dr. Doom” Nouriel Roubini will speak at an investment summit in Manila where he is expected to make pronouncements that are expected to be catalysts for the much anticipated ratings upgrade of the Philippines in 2013. He has been transparent about his message to his Manila audience on January 30. He said in a tweet the Philippines “should get an upgrade to investment grade…as its economic, fiscal, financial and policy fundamentals are much improved.” In Davos where he is coming from, he said in a Bloomberg interview that the Philippines, as well as Indonesia, are doing more to reform and grow their economies than the “hyped up” BRIC nations (Brazil, Russia, India and China). Moody’s, Fitch and Standard & Poors have rated the Philippines one notch below investment grade.
Read more on Rappler here and here.
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