Island appeal: The Philippines and Indonesia are attracting greater investor interest
Investors are always interested in emerging markets with exciting demographics, and the Philippines and Indonesia both fit the bill. The Philippines has a population of more than 90 million people and one of the highest birth rates in Asia. Indonesia is home to nearly 240 million people, and its middle class has been estimated as growing at between 8 million and 9 million people every year. Indonesia’s middle class is now viewed by some as bigger than the much heralded middle class in India.
But how healthy are both economies? What are the growth figures and investment prospects, and how has Typhoon Haiyan affected the Philippines?
For a few years, the Indonesian economy’s growth rates have been exciting foreign investors, but for the first time since 2010, growth dipped to under 6 percent in 2013. This is growth that most of the rest of the world can only baulk at, so while the pace of the economy might be slowing a touch, like China this is really only a reflecti