UK and EU market analysts tip the Philippine economy for investment.

Whilst world markets including China continue to jitter, MoneyWeek magazine and market analysts have woken up to the opportunities in the Philippines.  “The Philippines is still a bright star in a dim sky” says HSBC’s Joseph Incalcaterra.   After years of being called “the sick man of Asia”, in the past few years it has overcome it’s problems to become the investors darling.

The Philippines has been shielded by it’s strong domestic economy and has recently carved a niche out in business process outsourcing, mainly with the USA but with a growing British demand.

Government spending is growing and this is going to keep growth at levels of over 6%.  The country has now achieved sustained growth of greater than 5% for over 14 quarters.  “While success cannot be guaranteed the prospects for investment look bright”, says Deutsche Bank.