Philippines Country Report

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Discovery Reports
The City of Dreams casino resort opened its first phase of development in Manila earlier this year as part of an "entertainment city" envisioned for the area. Photo: Bloomberg

Economy tipped to maintain momentum

The Philippines' economy has performed impressively over the last two years, and most experts are predicting a continuation of upward trends. For instance, in early April, the IMF upped its forecast for GDP growth this year from 6.6 per cent to 6.7 per cent, citing such reasons as strong private construction activity and higher state spending.

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