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PNoy confident PHL will be world's 16th largest economy by 2050
President Benigno Aquino III on Tuesday expressed confidence that the Philippines will be able to live up to the forecast of a foreign think tank that it could become the world’s 16th largest economy by 2050. This, as presidential spokesperson Edwin Lacierda assured the public that Aquino will remain focused on the country’s economic growth and will not be distracted by the ongoing impeachment trial of Chief Justice Renato Corona. In a speech keynoting the 3rd Recognition Ceremony for government institutions that have attained ISO (International Organization for Standardization) 9001 certification in Malacañang, Aquino said the country could achieve the feat because of the world-class skill, perseverance and dedication of the Filipino workers. In a recent report titled “The World by 2050,” Hong Kong and Shanghai Banking Corporation (HSBC) predicted that the Philippines would “leapfrog” to become the world’s 16th largest economy helped by demographics, rising education standards and “multi-decade” growth. “Kamakailan lamang inulat ng CNN (Cable News Network) ang isang pag-aaral ng HSBC na pagdating ng 2050, pang labing-anim na ang Pilipinas na may pinaka-malaking ekonomiya sa mundo,” Aquino said. “Tiwala tayo hindi ito malayong mangyari lalo pa’t makailang beses na nating ipinamalas sa mundo ang katangi-tanging husay at kakayahan ng mga Pilipino sa iba’t-ibang larangan,” he added. He stressed, however, that though the study showed that the international arena looks favorably on the Philippines, this will not deter him and his government from continuing to work toward improving the lives of all Filipinos. “Pataas man ng pataas ang kumpiyansa nating umasenso hindi tayo titigil sa puspusang pagta-trabaho,” the President said. Aquino admitted that positive economic figures have no sense if progress is not felt by the people. “Kaakibat ng pagtatama natin sa mga mali ng nakaraan, ay ang kamulatan nating walang silbi ang mga datos pang-ekonomiya na maganda lamang tingnan sa papel subalit wala namang naidudulot na ginhawa sa mga kababayan nating nasa laylayan ng lipunan,” he said. With this in mind, he said his administration set up mechanisms that would provide the people with quality and effective public service.
