PH to be $1-Trillion Economy by 2030

The Philippines will be the only sovereign entity in Asia with improving credit prospects, making it a $1-trillion economy by 2030, Washington-based analytics firm IHS Global Insight said.

In its Sovereign Risk Review report for the third quarter of 2015, IHS said it upgraded its outlook on the Philippines’ credit rating to positive from stable, amid the trend of improving financial fundamentals, investor confidence, and governance standards in the Philippines. More on