Bloomberg Names Philippines Among Top 20 Emerging Markets

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Bloomberg Markets magazine has recently included the Philippines among the top 20 emerging markets.

As everyone knows, the Bloomberg Professional service is the most powerful and flexible platform for financial professionals who need real-time data, news and analytics to make smarter, faster, more informed business decisions. Bloomberg has reported the Philippines may very well be among the world’s top 10 fastest-growing economies amid robust consumer spending.

Investors have been known to pour money into emerging markets - to the tune of $50 billion last year for mutual funds that invest in developing countries, according to EPFR Global.

The Bloomberg Market magazine ranked the top 20 based on more than a dozen criteria. According to Bloomberg, the top 20 emerging markets were graded according to the ease of doing business, perceived level of corruption, and economic freedom.

The Philippines was ranked at the 20th place among the many markets that have been attracting a lot of investments. The country received from Fitch its first ever investment grade rating as the economy expanded by a faster-than-expected 6.6% in 2012, surpassing government targets and beating market expectations.

There were many Asian countries that topped the list, with China being leading, followed by South Korea in second place and Thailand on third. Other countries from Latin America and Africa followed the list.

The complete list is as follows:

1. China
2. South Korea
3. Thailand
4. Peru
5. Czech Republic
6. Malaysia
7. Turkey
8. Chile
9. Russia
10. Indonesia
11. Colombia
12. Poland
13. Namibia
14. Zambia
15. South Africa
16. Mexico
17. Brazil
18. Hungary
19. Morocco
20. Philippines

*Credits to Bloomberg Businessweek

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