Rising Tiger Philippines Posts Some of the World’s Fastest Growth

After years spent languishing behind its neighbors, the Philippines is finally catching up with its fellow Asian tiger economies as it posts some of the fastest growth rates in the world. With the World Bank forecasting expansion of more than 6 percent for eight years until 2019 — unparalleled in the nation’s history — the Philippines is mimicking gains seen in Malaysia and Thailand in the 1990s as they industrialized.