Amid strong economic growth and efforts to curb corruption, the Philippines leaped 7 notches in the 2014 Global Competitiveness Report released by the World Economic Forum this week. The Philippines placed 52nd out of 144 economies in the prestigious rankings, versus 59th in 2013. Since 2010, when the Aquino administration took office, the country has gained 33 places – the largest climb over the period among all countries studied. The WEF said, “The results suggest that the reforms of the past 4 years have bolstered the country’s economic fundamentals.”
Read the full story here.
There are no comments yet. Add your comment to start the conversation.