Economy of the Philippines
The Philippines is a newly industrialized country in South-East Asia. In 2004, it was ranked as the 25th largest economy by the World Bank according to purchasing power parity. It is the fastest-growing economy in Southeast Asia, posting a GDP growth rate of 7.3% in the year 2007, its fastest pace in three decades and has been compared to the economy of India in its sudden and rapid growth.On
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