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Philippine economy

Published January 17, 2009
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MANILA, Jan 16: Economic growth of 4.7 per cent in the Philippines is possible this year as long as the government spends money to get it through the global turmoil, a senior economics minister said on Friday. The Philippines posted about 4.6 per cent growth in 2008 despite high oil and rice prices the world credit crisis, said Economic Planning Secretary Ralph Recto.—AFP

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