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6.9% GDP growth – a great legacy

THIS may well be the most significant legacy of the outgoing Aquino administration – a Gross Domestic Product (GDP) growth of 6.9 percent for the first quarter of 2016. It was better than China’s 6.7 percent, Vietnam’s 5.5 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.2 percent. The Philippines was thus the fastest growing economy in Asia in these first three months of the year.