The Philippines, if we go by the NEDA numbers, is now part of a short, short list of global economic overachievers. The 7.2 percent growth rate last year was phenomenal by any benchmark and reckoning, given the sense of triumphalism in countries that barely got out of crippling stagnation. The Cameron government in England, still plagued by bad fundamentals, has been beating its chest for barely getting out of what seemed to be a permanent slump.
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