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The international news agency cited strong exports and government spending on infrastructure as the main drivers for the country’s growth. Farm output, imports of iron and steel, machinery and equipment has contributed to the Q1’s steady growth.
Gone are the days when the Philippines has been considered “a regional laggard”, as the economy has been growing -- slowly but surely -- since last 2016.
According to the World Bank, the country could experience a 6.9 percent growth this year, reaching the 6.5-7.5 percent target.