The Philippine Economy has never been this better. The country posted third quarter GDP with a surprising 7.1% increase, beating almost every financial institutions' forecasts. GDP or gross domestic product is the market value of goods and services produced within a country in a given period. It accounts the country's private consumption, gross investments, government spending and export-import transactions. After the release of the favorable growth, most analysts now believe continue to sustain the momentum and post 6-7% overall growth for the year.
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| source: interaksyon.com |
The stocks market have posted its 32nd record high. The Philippine peso is expected to remain stronger and hit P37:$1 by 2013. Investor confidence is at the highest. It's clear that the Philippines is on the rise. So the question is: When are you gonna start investing in your country? Yes, there is no guarantee that it will continue to remain strong in ten, or even five years; and yes, there are still people losing money despite of the good economy. But if you don't start now, then when? If you can't will yourself to even try then you will forever be afraid of taking that first step, no matter the economic condition. They say "you must do something you haven't done to achieve something you haven't achieved", and the time to take action is now.
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