(Yahoo News) - The Philippines must concentrate on attracting more investment in order to combat the entrenched problem of unemployment if it wants to sustain its economic growth, the World Bank has warned.
In its latest East Asia and Pacific Update report, issued every six months, the World Bank noted that the Philippines had achieved "unprecedented success in fiscal policy in a difficult political environment," posting growth of more than five percent annually in the past three years.
This is the first time this Southeast Asian archipelago has enjoyed such growth rates since the 1970s, the Bank added, also citing success in controlling inflation... want more? click here
In its latest East Asia and Pacific Update report, issued every six months, the World Bank noted that the Philippines had achieved "unprecedented success in fiscal policy in a difficult political environment," posting growth of more than five percent annually in the past three years.
This is the first time this Southeast Asian archipelago has enjoyed such growth rates since the 1970s, the Bank added, also citing success in controlling inflation... want more? click here
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