HSBC study sees PHL as world’s 16th biggest economy in 2050 – report
GMA News
The Philippines will likely be the world’s 16th biggest economy in 2050, CNN reported Thursday, citing a recent report by HSBC Global Research.
This reflects a 27-notch improvement from the Philippines’ position among global markets in 2010, HSBC reportedly said. http://business.blogs.cnn.com/2012/01/12/worlds-top-economies-in-2050-will-be/
The world’s number one economy in 2050 will likely be China, followed by the United States, according to HSBC.
Meanwhile, HSBC Global Research outlined conditions for such economic growth. “We openly admit that behind these projections we assume governments build on their recent progress and remain solely focused on increasing the living standards for their populations,” it said.
“If we step away from the cyclicality,” the think-tank added, “there are two ways economies can grow; either add more people to the production line via growth in the working population, or make each individual more productive.”
GMA News Online is still trying to access a full version of the HSBC report as of this posting.
The report, however, said economies could be derailed in moving forward by factors like “war, energy consumption, constraints, climate change, and growing barriers to population movement across borders,” CNN noted. — With Paterno Esmaquel II/VS, GMA News
This reflects a 27-notch improvement from the Philippines’ position among global markets in 2010, HSBC reportedly said. http://business.blogs.cnn.com/2012/01/12/worlds-top-economies-in-2050-will-be/
The world’s number one economy in 2050 will likely be China, followed by the United States, according to HSBC.
Meanwhile, HSBC Global Research outlined conditions for such economic growth. “We openly admit that behind these projections we assume governments build on their recent progress and remain solely focused on increasing the living standards for their populations,” it said.
“If we step away from the cyclicality,” the think-tank added, “there are two ways economies can grow; either add more people to the production line via growth in the working population, or make each individual more productive.”
GMA News Online is still trying to access a full version of the HSBC report as of this posting.
The report, however, said economies could be derailed in moving forward by factors like “war, energy consumption, constraints, climate change, and growing barriers to population movement across borders,” CNN noted. — With Paterno Esmaquel II/VS, GMA News
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