Investment bank Goldman Sachs says the Philippines can become one of the top 10 countries that will contribute to global growth within the decade. It added that the country is among the N-11 [Next 11] economies that are likely to advance to the stage of “growth countries,” or nations that account for at least one percent of global gross domestic product. The N-11 economies are Mexico, Korea, Indonesia, Turkey, Iran, Egypt, Nigeria, Bangladesh, Pakistan, Philippines and Vietnam. The bank said that, except for Vietnam and Bangladesh, all N-11 economies should achieve the “growth” classification.
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