WELLNESS IN BUSINESS: Philippine economy will more than double in the next decade as earnings from overseas workers and business outsourcing surge, a respected US-based think-tank said Monday. Once the region’s perennial economic laggard, the Southeast Asian country is poised to stage a major comeback to be one of the top three economies in the region by 2030, forecast Rajiv Biswas, Asia-Pacific chief economist for IHS. “(The) Philippines economy has undergone a remarkable transition from a pussycat into a tiger economy over the last decade,” he said in a statement issued ahead of the holding of the World Economic Forum on East Asia meeting in Manila this week. “The Philippine economy has the capacity for robust long-term economic growth of around 4.5 percent to 5.0 percent per year over the 2016 to 2030 time horizon,” the report said. The economy will grow from its present level of about $280 billion to $680 billion by 2024, “with a projected GDP of $1.2 trillion by 2030,” it added.

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