Even gray agrees with my layman's economic analysis that the Philippines is in a better position today for investment than 5 years ago.
There report is very positive in favor of the government's insights on financial issues.
That is one advantage of having an economist for president.
As you all know, President Macapagal Arroyo is an economist, who else is better to be president in this time of which global economics is at shake.
The financial quake that has happen to the whole world is expected to have a domino effect. But the report said that the Philippines seem to be insulated and therefore the effects will be at a controllable level.
One point that I notice in the report is they say that "... Promise of growth for the Philippines is real estate investment trusts (REITs) "
If I remember it correctly, America's first financial casualty is the real estate. Lots of real estate related investments go to sour and this trigger the economic credit crunch. So according to there analysis the Philippines have a strong hand that can withstand the financial crisis.
Steady flow of dollar remittances from OFW and US base Filipino's has a very positive impact to the Philippines economy.
Today's news said that the inflation rate is at 9%
Lets hope that the experts analysis of good financial stability for the Philippines will be felt not only by the investors but also by the Filipinos them selves.