THE PHILIPPINES and Indonesia will continue to lead growth in Southeast Asia, a visiting Standard Chartered Bank official said.
“We have been quite positive on the Philippines for quite some time now, and we still are very positive...In terms of growth, we think ASEAN (Association of Southeast Asian Nations) region will be an outperformer, and in the region, our top two picks will be Philippines and Indonesia,” Marios Maratheftis, the bank’s global head of market research, told reporters in a briefing at The Peninsula Manila yesterday.
Mr. Maratheftis said while the bank continues to hold a gross domestic product (GDP) growth forecast of 6.9% for the country for this year -- as well as 6.3% and 7% for 2014 and 2015, respectively -- the Philippines appears poised to grow faster in the years to come.
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