Sunday, 19 August 2007

RP expected to benefit from 'reverse migration'

y Doris DumlaoInquirer
Last updated 03:49pm (Mla time) 08/19/2007

THE CHIEF economist of Deutsche Bank has cited the Philippines' potential to benefit from the same phenomenon of reverse migration that bailed Ireland out of the poverty trap three decades ago.
In a briefing last week, visiting Deutsche Bank chief economist Norbert Walter said he was upbeat on the Philippines and its ability to catch up with Asia's fast-growing economies.

"In our analysis, the rating has improved for this very country. I've never seen such good economic and political weather in the Philippines," he said.
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