Wednesday, April 24, 2013
Philippines a rising star
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According to Moody’s Analytics, Philippines is a “rising star” poised to record one of the fastest growth rates in the world.
In a report released yesterday, Philippines is likely to grow between 6.5 and 7 % this year and within the same range on 2014. “The Philippines has been among the brightest parts of a generally gloomy global picture,” Moody’s Analytics said in a report, titled “Philippines Outlook: Asia’s Rising Star.”
The Philippines 6.6% growth in 2012 was achieved despite weak growth in the US, a crisis in Europe and a slowdown in China.
Moody’s Analytics is a sister company of credit rating watchdog Moody’s Investor Service.
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