The Philippines Year in Review 2013 - OBG

The Philippines Year in Review 2013

Although rocked by the worst typhoon in its history late last year, the Philippines was one of Asia’s 2013 success stories, maintaining strong macroeconomic fundamentals and steady GDP growth.
While damage from Typhoon Haiyan pushed up inflation and darkened the medium-term economic forecast, the Philippines benefited from a significant increase in foreign direct investment (FDI) and three credit rating upgrades during the year.
The Philippines was the fastest-growing economy across Asia in the first quarter of 2013, ... Read more.

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