MANILA, Philippines - The Philippines is expected to be among the fastest growing economies in the world between 2010 and 2050, according to a study released by Knight Frank and Citi Private Bank. In the 2012 Wealth Report, the Philippines is forecast to post a Gross Domestic Product (GDP) growth of 7.3% during the period, making it the 6th fastest growing economy in the world. FAST GROWING. The Philippines isprojected to be among the fastest growing economies in the world, according to the 2012 Wealth Report. This and the graphics below are taken from the report released by Knight Frank and Citi Private Bank. This 2012 Wealth Report mirrors a study released in January by HSBC, which forecast that the Philippines could become the world’s 16th largest economy by 2050. HSBC, the multinational British bank, cited demographics and rising education standards to help the Philippines grow by an average of 7% annually over the next 40 years. Source: SAM Daily Times
