What is even more noteworthy is the fact that in the last 8 quarters, GDP has consistently grown above 6 percent (with an average of 7 percent). This has led many during the WEF to call the Philippines a country turning the tide from being the sick man of Asia to the next Asian miracle.
To be perfectly frank though, I do not relish that we are called a miracle. The evidence will show that we are where we are now because of hard-fought reforms. Analysts have described the Philippine economy as being in the “pink of health”. And this rosy picture is expected to continue through 2014–2015.