I was just quoting CNN's report on HSBC's prediction.
World
I would take it with a grain of salt.
On the contrary, their growing Business Processing Outsourcing and OFW remittances is growing by leaps and bounds and the mining industry is about to take off. Their stock boards are the hottest in Asia last year. Just second in the world to Wall Street's Dow Jones.
This March, PH is selling two drilling rights that China just objected. US and the Philippines are ramping up for another military exercise in the Southern Philippines. Looks like it will get hotter!