PHILIPPINES: RP About To Enter The “Demographic Sweet Spot”

Amando Tetangco, Governor of the Bangko Sentral ng Pilipinas (BSP), told the Philippine Investment Forum that the country will taste its “demographic sweet spot” by 2015 as a result of a booming population dominated by young people.   He said, “While some countries are facing problems relating to their aging population, the Philippines is set to enter its demographic sweet spot.  Studies have shown that extended periods of accelerated economic growth have coincided with the countries entering this period.  This phase is associated with a young, vibrant labor force ably supporting the pension system, and an economy experiencing high economic growth rates due to a large base of consumers.

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