That is according to an HSBC global research department report released just recently for the years to come.
According to this chart of HSBC's 2050 list of top economies, Philippines can easily list to be the world's 16th best economy. Here's the top 30:
- China (+2)
- U.S. (-1)
- India (+5)
- Japan (-2)
- Germany (-1)
- UK (-1)
- Brazil (+2)
- Mexico (+5)
- France (-3)
- Canada (same)
- Italy (-4)
- Turkey (+6)
- S. Korea (-2)
- Spain (-2)
- Russia (+2)
- Philippines (+27)
- Indonesia (+4)
- Australia (-2)
- Argentina (2)
- Egypt (+15)
- Malaysia (+17)
- Saudi Arabia (+1)
- Thailand (+6)
- Netherlands (-9)
- Poland (-1)
- Peru (+20)
- Iran (+7)
- Colombia (+12)
- Switzerland (-9)
- Pakistan (+14)
The original article clearly highlights how the Philippine economy can easily reach +27 in terms of economic growth by then and how most European countries are going to go down.
As much as this looks promising, it should be noted that this report was filed back in 2010. It was supposedly a foresight 40 years ahead from then as indicated and obviously, it was based on the work done by the GMA administration. Yes jejepeople, GMA did the country good. You can claim 'corrupt' without any other reason but 'because the media said so,' but everybody else is and she did the country good.
So far, in the span of 2 years under the new administration which took its seat back in 2010, the nation has found itself slump down from a GDP of 8.xx down to a GDP of 3.xx.
It's still a far cry at the moment. It is, after all, 38 years away and who knows who'd come by to fuck up the system or do it wondrous miracles. But wouldn't it be nice to actually be on top of South-East Asia? The list claims we can be near the level of Mother Russia!