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 Current page : Home      Article      Philippine GDP Growth hits High

 
Philippine GDP Growth Hits 31-Year High
 
More positive news for the Philippines.
 
According to the article, Manila reported its gross domestic product at a 31-year high of 7.3 %. However, it may be difficult to replicate the same growth in 2008. The government needs to continue with development of infrastructure projects to maintain momentum.

Highlights:
-Controlled inflation
-Low interest rates
-Strong peso
-GDP grew by a larger 7.8 percent from 6.1 percent in 2006
 
Data: AHN