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PH Economy Bullish Amid Global Financial Challenges

by: Sarah Joson

Friday, December 28, 2012 | Outsourcing News |

PH one of Fastest Growing Economies Amidst Global Financial Woes

Unlike other regions around the world, the Philippines was able to withstand and rise above the fiscal pandemic that crippled even the most advanced countries of today’s time. The country was even cited as one of the fastest growing economies in Asia.

Some of the government’s goals are designed around good governance with good economics, reinforced by debt fiscal management, a well-supported partnership between government and businesses, and transparent public spending.
Meanwhile, it was found that over three million Filipinos were helped by the local government’s conditional transfer program during the first three quarters of 2012, a part of its commitment to serve a larger number of the populous. Furthermore, the International Monetary Fund (IMF) has a similar outlook for the nation. This includes improved governance, innovation, better educational and social systems, and reforms aimed to improve business environment.
Christine Lagarde, IMF Managing Director, noted highly of the Aquino administration’s outstanding economic management.


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