With latest IMF forecast, Phils has fallen from being among ASEAN's fastest major economies in 2007-10, PGMA's last 4 years, back to laggard. In 2007, based on ADB data, only Singapore's 8.8% topped Phils' 6.6% among original ASEAN 5. In 2008, Thailand and Singapore trailed our 4.2%. In 2009 global recession, only Indonesia and Phils grew. And in 2010, our 7.6% expansion beat Indonesia and Malaysia, and matched Thailand. what a difference a President makes.
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