Economy

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From left, Consul General Mario L. de Leon, Jr., Commissioner Maria Torres-Springer and PACC President Michael Nierva.

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The Philippine economy is the 39th largest in the world, with an estimated 2014 Gross Domestic Product (nominal) of $289.686 billion. Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil and fruits. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan and Thailand.

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President Benigno Aquino III and European Council President Herman Van Rompuy in Belgium this week.

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Typhoon reconstruction, government spending and rising consumption will drive optimistic growth forecasts.  (Erik de Castro/Reuters)

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