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PHL posts highest growth in Southeast Asia, matches China's growth for 2nd quarter

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Repost from PHILSTAR   by Ted Torres  | August 30, 2013

The Philippines is no longer the sick man of Asia but is a fast growing economy, matching even that of China and even besting the former best performer in Asia. 

PHL posted a 7.5% growth from April to June, besting the forecast of 7.2% and matching China's peformance.  PHL seems to be shifting its growth from being consumption driven to investment driven.

The PHL surpassed the growth rate of other ASEAN neighbors who did:

Indonesia:   5.8%

Vietnam:     5%

Malaysia     4.3%

Singapore:   3.8%

Thailand     2.8%

Others:

Hong Kong -    3.3%

Japan   -           2.6%

Chinese Taipei 2.5%

South Korea     2.3%

Congratulations Team Philippines.  Mabuhay!

The world is round.  Finally we made to the top at least in South East Asia, and even beating the best of the best before