Philippines economic expansion slows down

Note: This section contains information in English only.
Source: BBC
Philippines growth pace slowed last year as world's economic turmoil dampened country's exports. The country's economy expanded by 3.7% in 2011 as compared to 7.6% in the preceding year, reported the National Statistical Coordination Board. Philippines exports have been tumbling for seven months in line. The government expected the economy to grow by 4.5-5.5% last year.


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