Fortunately, international recognition of the country's vibrant economic outlook through rankings such as these indicates that the sick man of Asia
is nearing full recovery," he added.
Our turnaround from the sick man of Asia
to the regions resilient, bright spot is something that the Filipino people can be proud of.
For an emergent tiger economy, the Philippines is back once more to being the sick man of Asia
,'' she said.
For decades, the Philippines was the sick man of Asia
Over the past five years and five months, we, together with the Filipino people, have transformed our country from the Sick Man of Asia
into Asias New Darling, we have channeled our economic success into social services that make certain that our growth is inclusive, and we have begun to see the tangible impact of our long-term efforts to alleviate poverty, Aquino said.
The government is targeting as much as 8 percent growth this year for the country once known as the sick man of Asia
From being the Sick Man of Asia
, the Philippines is now seen as a key emerging economy, brimming with opportunities for Filipinos and foreign investors alike, he said.
Indeed, the Philippines' popularity among global investors is the latest chapter in a Cinderella story for an economy once dismissed as the sick man of Asia
As we march on the straight path, we are proving to ourselves and the world: The Sick Man of Asia
has long recovered.
The [Philippines] is possibly at a crossroad, having long done away with its reputation as the sick man of Asia
and being in a bright spot today.
Increase in government spending, coupled with governance reforms and sound macroeconomic policies, helped the country bounce back from being the sick man of Asia
just four years ago to a rare bright spot, Purisima said.
2 percent in the first five years of the Aquino administration was also the fastest since the late 1970s such that Aquino's economic managers declared that the Philippines was no longer the sick man of Asia
, but the region's rising star.
The days when we were called the Sick Man of Asia
are becoming a distant memory," he said in the televised forum, noting that Philippines is now referred to as "Asia's Bright Spot," or the "New Asian Tiger.
With Aquino's good-governance-is-good-economics mantra, the Philippines was able to shed off the Sick Man of Asia
Aquino hailed the transformation of the Philippines during his term from being the sick man of Asia
to one of the world's fastest-growing economies.