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PHILIPPINES-ECONOMY/GDP
RTX106P5
May 31, 2013
Workers are seen at a construction site for a new residential center in Manila May 31, 2013. The Philippines...
Manila, Philippines
Workers are seen at a construction site for a new residential center in Manila
Workers are seen at a construction site for a new residential center in Manila May 31, 2013. The Philippines on May 30, 2013 posted surprisingly strong growth in the first quarter, knocking China from pole position in Asia driven by robust domestic consumption and government spending. From a year earlier, the economy grew 7.8 percent, helped by robust domestic spending, making the Philippines the fastest growing economy in Asia as it pushed past China's 7.7 percent annual pace and 1.6 percent quarterly growth. REUTERS/Romeo Ranoco (PHILIPPINES - Tags: POLITICS BUSINESS CONSTRUCTION INDUSTRIAL)
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