Wednesday, April 3, 2013

Bloomberg Names Philippines Among Top 20 Emerging Markets

Wazzup Pilipinas !
Bloomberg Markets magazine has recently included the Philippines among the top 20 emerging markets.

As everyone knows, the Bloomberg Professional service is the most powerful and flexible platform for financial professionals who need real-time data, news and analytics to make smarter, faster, more informed business decisions. Bloomberg has reported the Philippines may very well be among the world’s top 10 fastest-growing economies amid robust consumer spending.

Investors have been known to pour money into emerging markets - to the tune of $50 billion last year for mutual funds that invest in developing countries, according to EPFR Global.

The Bloomberg Market magazine ranked the top 20 based on more than a dozen criteria. According to Bloomberg, the top 20 emerging markets were graded according to the ease of doing business, perceived level of corruption, and economic freedom.

The Philippines was ranked at the 20th place among the many markets that have been attracting a lot of investments. The country received from Fitch its first ever investment grade rating as the economy expanded by a faster-than-expected 6.6% in 2012, surpassing government targets and beating market expectations.

There were many Asian countries that topped the list, with China being leading, followed by South Korea in second place and Thailand on third. Other countries from Latin America and Africa followed the list.

The complete list is as follows:

  1. China
  2. South Korea
  3. Thailand
  4. Peru
  5. Czech Republic
  6. Malaysia
  7. Turkey
  8. Chile
  9. Russia
  10. Indonesia
  11. Colombia
  12. Poland
  13. Namibia
  14. Zambia
  15. South Africa
  16. Mexico
  17. Brazil
  18. Hungary
  19. Morocco
  20. Philippines

*Credits to Bloomberg Businessweek

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