SUMMARY
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The country’s economic expansion is expected to slow down after the term of President Benigno Aquino III. The Development Budget Coordination Committee said that by 2017, growth will slow down to between 7%-8% from 2016’s projected 7.5%-8.5%. In 2015, it projected a growth of between 7%-8%. In the first quarter of 2014, growth was recorded at 5.7%, lower than the 7.2% average for the entire 2013. This was attributed to the lingering effects of Super Typhoon Yolanda.
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