Irving, Texas (PRWEB) May 02, 2013
The Philippines GDP has experienced a strong CAGR of 11% during 2001-2012. It is expected to continue its growth momentum and grow to $ 372 billion by 2018 at the current price with a CAGR of 8% during 2013 to 2018. The educated workforce, huge domestic demand, comparatively young workforce, rich natural resources, good business environment and high foreign exchange reserve is likely to drive the Philippine economy to sustained growth during 2013-2018.
Lucintel, a leading global management consulting and market research firm, performed a Political, Economical, Sociological, Technological, Legal, and Environmental (PESTLE) analysis of the Philippines and presents its findings in “PESTLE Analysis of Philippines 2013.”
The Philippines has undergone rapid structural changes and is moving towards a more stable and developing economy. The Philippines has made optimum utilization of globalization towards benefiting its economy. Most of the sectors of the Philippines are open for the FDI. With new economy policy the Philippines is attracting more FDI and FII. The country has well defined investment policies and support from government and industry associations which encourage free trade.
Lucintel’s study outlines the Philippines' need to address several significant challenges and risks, such as high corruption rate compared to India, China and US leads to unethical business practices. Lower spending on R&D activities which result in external dependency for new technology and week infrastructure such as railways and road ways is hampering the industrial growth.
This industry research report analyzes the impact of different macro-economic indicators of the country on different industries. This also includes the impact of socio-political-demographical changes on different industries in that country. This report analyzes domestic and external economic trends, government policies, technological changes and their impact on different industries. In the current economic scenario of the country real estate, finance and insurance, accommodation and food industry are likely to be most affected.
The report also provides a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis and an examination of the past, present, and future economic policies of China.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, market entry strategy and cost efficiency. To learn more, visit http://www.lucintel.com