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[2013 GDP] Philippines still fastest-growing in SE Asia

The Philippines has recently (and repeatedly) been dubbed as Asia’s newest “investment darling”. Last year, CNBC Asia tagged the Philippines as “Asia’s New Darling of Investors” after the country became the fastest-growing economy in Southeast Asia and Philippine stocks posted a Top 10 performance in 2012 compared to other stock exchanges worldwide.

World Bank, ADB, S&P revise GDP forecasts for Asia

With its revised growth prospects despite a declining global economy, is the Philippines set to finally realize its status as one of Asia’s next tiger economies? Possibly, as seen by upward revisions on the country’s GDP forecasts by three international lending and credit rating agencies.

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