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IMF gives Philippine economy upbeat assessment

The IMF mission expects growth to hit 6.7 per cent this year, given lower commodity prices, higher public spending and continued strong private construction and export growth.


THE International Monetary Fund (IMF) has given the Philippines a favourable assessment of its medium-term economic condition and prospects.

A visiting IMF mission, which met Governor of the Bangko Sentral ng Pilipinas (BSP) Amando Tetangco and other senior officials and...

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