Growth in the Philippines has been averaging at about 5 percent over the past 10 years, significantly higher than the rate achieved in the previous two decades. Growth momentum was maintained at 6% in the first half of 2014, and remained one of the fastest in the East Asia region.
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October 5, 2015 — East Asia remains one of the main growth drivers of the world economy, accounting for nearly two-fifths of global economic growth. Overall, the region is expected to grow 6.5% in 2015.
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