Alpha Diallo
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Slowdown in Asia, Definitely not in The Philippines

The Philippine economy is shining bright in Asia! The economy expanded at a rate of
7.5 percent in the second quarter of 2013. This was the fourth consecutive quarter of economic growth above 7 percent. The economy in Philippine is driven by the service sector. For example, 55 percent of the economy is service based. The sector grew by 7.4% in the second quarter. Manufacturing rose by 10.3 %, while construction expanded 17.4%. Economic growth in the Philippines is in lock step with China, which is pretty damn impressive.