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Economy to grow 6.7% this year – UNESCAP

Benise Chiara P. Balaoing, 06 August 2014

In the 2014 Economic and Social Survey of Asia and the Pacific, the agency cited the Philippines’ high growth forecast, which is higher than the projected 5.8% average growth for the region and 4.6% for Southeast Asia this year.

“The Philippines provides an example of growth driven by a conducive policy climate. The government has engaged in significant productive public spending in infrastructure and social areas, while private investment has also increased,” the study said.