The sections on consumption boom and population boom, it's true. Our big, young population is an asset, not a liability. More population means more producers and consumers, more entrepreneurs and workers. Thailand -- and Japan, S. Korea, HK, Singapore, Taiwan, China -- they are ageing. In many parts of Japan for instance, the sale of adult diapers is larger than the sale of baby diapers. Their public spending for healthcare and pensions will jump to the roof, or the sky, while the number of their young workers who will pay taxes and pension contribution will remain flat, if not declining. BIG problem for them, but not for the PH.
Bong also posted the latest WEF's Global Competitiveness Report, 2014-2015. Thanks Bong.
Check the summary table,Table 3: The Global Competitiveness Index (GCI) 2014–2015 rankings and 2013–2014 comparisons.
Some people hate to see and read the above Bloomberg and similar reports. They think there should be no good news in the PH. What we should read only are dirt, pollution, heavy traffic, trains breaking down, corruption, crimes, etc.
Fat Free Econ 43: On the Philippines' Fast Economic Growth, June 04, 2013
Fat Free Econ 49: Growth Amid Storms, December 03, 2013
Economic Growth and Whiners, Ipagbawal ang GDP Growth! March 18, 2015