Posted on 06/07/2013 7:52:21 PM PDT by TexGrill
ASEAN countries – particularly Indonesia, the Philippines and Malaysia – have continued to grow close to or above trend growth in recent years, despite poor external conditions, a new research conducted by Standard Chartered Bank disclosed. “The growing affluence of the domestic population, relatively healthy fiscal positions, a largely stable political environment and strong liquidity inflows are lending resilience to economic activity, even as external demand falters, “ the British bank with extensive network in the region stressed.
Examining sources of growth over the past decade, we find that the contribution of household consumption increased for Malaysia, Thailand and Vietnam in the 2008-12 period relative to the 2003-07 period.
(Excerpt) Read more at mb.com.ph ...
Because that’s where all the fed pumping is going.
The company I’m contracting for is switching it’s offshore IT from India to the Philippines.
Yeah the English spoken and written by the Phillipinos is much more American like than that spoken and written by the Indians.
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