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El Nino looms over Philippine growth

During the El Nino dry spell of 2010, damage to rice crops was estimated at US$240 million.


THE Philippine economy has outpaced most of its Asian neighbours in the last two years, but its large rural sector may drag on growth in the second half as it confronts what forecasters say will be one of the worst El Nino dry spells on record.

South-east Asia's fifth-