Philippine economic growth slows to 6.1 percent last year but strengthens in fourth quarter

January 29, 2015 3:58 AM

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MANILA, Philippines – Philippine economic growth slowed to 6.1 percent last year, hampered by natural disasters, but still outpaced most other countries in Asia.

Socio-Economic Planning Secretary Arsenio Balisacan said Thursday that the 2014 performance ranks the Philippines as the second fastest growing Asian country behind China, which posted 7.3 percent growth, and ahead of Vietnam's 6.0 percent growth.

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