S&P sees stronger growth for Philippines, fueled by domestic demand

07/31/2013 | Business World (Philippines)

Standard & Poor's is now projecting 6.9% growth for the Philippines this year, driven by strong domestic demand. The latest forecast is up from an earlier outlook of 6.5% growth. S&P singled out the Philippines and Indonesia among Southeast Asian nations as economies likely to outperform in the region, where more export-dependent economies are expected to struggle.

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