PH Economy Expected to Improve in 2014
Growth in Southeast Asia’s major economies is expected to improve this year as the economies of more advanced nations start to recover, lifting demand for the region’s exports. According to the International Monetary Fund (IMF), Southeast Asian countries like the Philippines, as well as other emerging markets, are still at risk from the reversal of capital flows as investors take their money back to advanced economies.
In IMF’s update to its World Economic Outlook (WEO) report, Southeast Asia’s five major economies—Indonesia, Malaysia, the Philippines, Thailand and Singapore—this year are expected to grow collectively by 5.1 percent, slightly better than the projected growth of 5 percent in 2013.
Source: Philippine Daily Inquirer