Philippines Counted Among 3 Breakout Nations

May 7, 2012

Once tagged as “sick man of Asia,” the Philippines is now primed to be one of the “breakout nations” in terms of long-term investments. Together with Turkey and India, the Philippines is considered among the countries “able to beat expectations in terms of growth rate and a country that’s able to grow faster than other countries in the same income class per capita income.” According to Mr. Ruchir Sharma of Morgan Stanley, investors will be looking closely at these breakout nations and are expected to flock to markets such as the Philippines.