A think tank said the Philippine economy will perform even better in the coming months — despite the devastation caused by Typhoon “Pablo” — due to the coming elections and more infrastructure projects. In its latest Market Call report released Thursday, December 20, First Metro Investment Corp.’s and University of Asia and the Pacific’s Capital Markets Research Center said the Philippine economy will still be able to post a 6.5% growth in the fourth quarter of 2012. For the rest of 2012, the think tank said GDP growth is likely to settle at slightly below 7%. This will be boosted by low inflation rate, which the government expects to average 3.2% this year.
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