Philippine Economy Registers A Modest Economic Growth, Third Only To China & Indonesia

The Philippines has maintained its position as one of the fastest growing economies where business confidence in the first three quarters of 2012 has been above the 40 percent level.

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China Dislodges Japan As Largest Economy

Japan’s nominal gross domestic product (GDP) which is not adjusted for price and seasonal variations, was worth US $1.286 trillion dollars in the second quarter of the year (April-June), as compared to China with US $1.335 trillion dollars of the same quarter.

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