Philippines Economy Sickman of Asia No More?The Philippines economy, previously branded the "sickman of Asia" because of its relative slow growth in recent years, is seen to lead growth this year in many of its Asian neighbors with growth projected at 3.3 percent, despite the anticipated slowdown in economic expansion worldwide. Moody's Ratings said that Southeast Asia would see a reversal role this year and the Philippines would lead the growth. With consumer spending as one of the strongest drivers, the Philippines economy specifically would outperform other economies in the region although growth would be slower than 2008, Moody's Ratings said. "We expect tradition to be turned on its head and ASEAN members to undergo a role reversal" said Moody's associate economist Nikhilesh Bhattacharyya. "This year will probably be the most interesting for Southeast Asia since the financial crisis", he added. Moody's assessment came amid the latest warnings from the International Monetary Fund (IMF) which admitted for the first time that the world's most developed economies have slipped into depression. Singapore, usually the most stable in the region, would be the worst hit amongst the ASEAN trading bloc, together with Malaysia will experience big output falls and mild rise in unemployment, according to Bhattacharyya. The Philippines economy has been branded the sick man of Asia because of its slow growth in recent years. But this time around, the country would keep within its growth range despite the slowdown that would result from the global recession. Singapore is expected to suffer the largest swing in its economy, with 4.4 percent contraction expected in 2009 compared with a 1.2 percent expansion in 2008. Indonesia is expected to grow 3.9 percent considered as "not too bad" by Moody's in the light of the state of the global economy. Moody's projects a slow economic growth in nearly all other economies in the region that won't keep pace with labor force growth, resulting to higher unemployment.  "Fired Travel Agent Reveals How To Get Dirt Cheap Airfare Tickets!" The secrets exposed here will exceed your wildest of expectations. Manipulate airline companies' ticket pricing computer systems to give you $1,000's of discounts on your ticket. Earn free vouchers for airfare tickets just from making a phone call and without ever even flying at all! The KEY to traveling for cheap, and how to use this knowledge to get the biggest bargains!My Airfare Secrets »  "Discover The Truth About Free Flight Upgrades" Make no mistake: free flight upgrades are real. If you've ever wondered how to get a free fight upgrade or have tried to get one and failed, you need to read this information right now. Learn the most powerful flight upgrade techniques which you can actually use today. Discover unique pricing tactics to ensure you get the cheapest plane tickets possible. See in depth examples of how to save money on all your future flights. Free Flight Upgrades »
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