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CONFIRMED:Philippines still one of fastest growing economies says World Bank

The World Bank said that Mara Warwick, its Country Director for the Philippines, has said that "macroeconomic stability puts the Philippines in a decent position to quicken comprehensive development that benefits all Filipinos."

“The country’s gross domestic product is forecast to grow 6.4 percent this year and 6.2 percent in the next two years,” the World Bank statement said.

“The Philippine economy may surpass the forecasts if authorities can further ramp up spending on public infrastructure as planned,” they added. [source]

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