Widespread devastation is left behind in the aftermath of Typhoon Haiyan on November 10, 2013 in Tacloban, Leyte, Philippines.
Widespread devastation is left behind in the aftermath of Typhoon Haiyan on November 10, 2013 in Tacloban, Leyte, Philippines. - 
Listen To The Story
Marketplace

As governments and charitable groups mobilize for typhoon disaster relief, the Philippines does have an important longer-term asset: The underlying strength of its economy.

Rebecca Jackson-Young is an analyst with the Asia team at the Economist Intelligence Unit, and she says the Philippines' economy was growing at an incredible fast pace of late.

"Even the most resilient of economies would struggle to cope with something of this magnitude ... The economy is doing pretty well. ... Of the Asian economies, it really is doing very, very well indeed. ... It's really the services, particularly the business processing, things like call centers, that's really well the growth has been. But also, of course, remittances from overseas workers."

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow David Brancaccio at @DavidBrancaccio