Philippines boom still intact despite Haiyan

The impact of the disaster befalling the Philippines is unlikely to threaten the country’s growth story, which earned it investment grade ratings.
So far, about 10 million people have been affected by the storm and entire towns have been erased from the map.
So far, about 10 million people have been affected by the storm and entire towns have been erased from the map.

Typhoon Haiyan, or Yolanda as it is known locally, looks like it will be a disaster on an unprecedented scale but a human one rather than an economic one.

The latest estimates suggest as many as 3,000 people could have lost their lives after the most powerful recorded storm ever to make landfall slammed into the central Philippines at the weekend.

So far, about 10 million people have been affected by the storm, which brought sustained winds of about 250 kilometres per hour and virtually erased entire towns from the map, including Tacloban, which stood almost directly in Haiyan’s path.

Only time will tell...

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