If the Philippines really manages a 7% GDP growth rate for 2013, as forecast, it will likely continue to lead Asia unless China wants to keep pumping in stimulants. That accomplishment will set the onetime U.S. battleground apart from other recent stars such as Indonesia, which is having to come to grips with a failure of government policies to keep up with the investment interest of the last several years. Maybe because its uptick came later, Manila apparently has more running room left.
If the Philippines really manages a 7% GDP growth rate for 2013, as forecast, it will likely continue to lead Asia unless China wants to keep pumping in stimulants. That accomplishment will set the onetime U.S. battleground apart from other recent stars such as Indonesia, which is having to come to grips with a failure of government policies to keep up with the investment interest of the last several years. Maybe because its uptick came later, Manila apparently has more running room left.
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