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. In 2010, the Philippines grew by 7.6 percent, the highest in 30 years.
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Dr. Karl Kendrick Chua is the Philippines' senior country economist.
Rogier van den Brink is a Lead Economist in the Poverty Reduction and Economic Management (PREM) Department of the East Asia and Pacific Region of the World Bank.