Could the country perennially described as the sick man of Asia be reviving? Its economic vital signs are unexpectedly better than thought possible, with growth in gross domestic product that could hit 6 percent in 2007. On the other hand, the Asian Development Bank and the United Nations released a report this week putting the Philippines in the same boat as the region’s worst laggards because it is falling behind in a number of categories related to the achievement of the UN’s Millenium Development Goals by 2015.
Philippines: Off its sick bed?
Could the country perennially described as the sick man of Asia be reviving? Its economic vital signs are unexpectedly better than thought possible, with growth in gross domestic product that could hit 6 percent in 2007. On the other hand, the Asian Development Bank and the United Nations released a report this week putting the Philippines in the same boat as the region’s worst laggards because it is falling behind in a number of categories related to the achievement of the UN’s Millenium Development Goals by 2015.
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.