Philippine economy expected to thrive as China, Japan rebound

11/4/2013 | Business World (Philippines)

Recovery in China and Japan is likely to lift the Philippine economy and have a more profound effect than developments in the U.S., said Stefan Hofer, an emerging markets economist at Swiss-based Julius Baer. "The worst is behind China now. It's no longer a question of how bad it can get but where do we go from here," Hofer said. And in Japan, although "there's still a lot of skepticism as to whether [Prime Minister Shinzo Abe's economic policies] will work ... real estate prices, department store sales have been rising."

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