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ForexGen | Philippine Economy Slows to 4.6 pct in 3rd Quarter

Philippine economy "damaged but not quite ravaged" by global crisis as quarterly growth slowsThe Philippine economy grew a sluggish 4.6 percent in the third quarter, slumping from 7.1 percent last year, after being "damaged but not quite ravaged" by the global financial crisis, the government said Thursday.Industry grew at a faster rate of 7.1 percent from 6.6 percent a year earlier, but the services... [read more]


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