Economic growth estimated to rise 4% in 2010: World Bank.

By bne IntelliNews July 16, 2010
The World Bank has projected 4% economic growth in Philippines this year due to strong private and public spending as well as the global recovery in trade. As reported by Asia Pulse, the economy grew 7.3% in the first quarter as compared to 0.5% in the same period last year. Moreover, the country's growth potential is expected to be higher due to the new administration's strong reform and anti-corruption agenda that is expected to enhance business confidence.

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