PH is Asia’s economic star: Deutsche economist

Duetsche’s chief economist for Asia Michael Spencer touted the Philippines as the strongest as well as the safest place for funds to be. In an interview with Bloomberg TV, Spenser said, “The strongest performing economy in Asia today is the Philippines,” which recorded an impressive 6.4% growth in the first 3 months, making it the best performing economy in the region next to China. Spencer’s bold pronouncements is among heaps of attention this Southeast Asian country has been getting from foreign investors that traditionally only had western countries or neighbors Thailand, Malaysia and Indonesia in their investment radar. Already, eastward-bound hot money have made it to the Philippine Stock Exchange, which hit record highs almost 20-times since President Aquino took over in 2010.

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