MANILA - The Philippines is now Asean's undisputed economic leader, according to Standard & Poor's (S&P).
“The Philippines, which Standard & Poor's recently upgraded to
investment grade, has taken over the Asean growth leadership role from
Indonesia,” S&P Asia Pacific chief economist Paul Gruenwald said in a
new report released Monday.
Gruenwald said the Philippine economy would grow by 6.9 percent this year, faster than other Asean economies.
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