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Philippines Economy Strong, But Foreign Investment Lags

While the Philippines has recently become an economic powerhouse in Asia, with strong growth driven mostly by domestic consumer spending on goods and services, the government said it will focus on foreign investment, which is lagging. In 2014, the Philippine GDP was up 6.1 percent, placing the country behind China, which had the fastest economic growth for the year at 7.4 percent. The government said the services, agriculture, construction and manufacturing sectors drove most of that...

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