PH economy slows down in 1st quarter

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Philippine economic growth slowed down in the first quarter of 2014 due to the lingering effects of disasters that struck the country last year, the government announced on May 29. The Philippine Statistics Authority said growth stood at 5.7% in January to March, slower than the 6.3% rate recorded in the fourth quarter and the 7.7% in the first quarter of last year.

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