Central Bank of the Philippines - Annual Report 06

According to the Central Bank of the Philippines Annual Report 2006, the year 2006 saw a vibrant Philippine economy.

"Continuing economic reforms coupled with macroeconomic prudence led to broad-based economic growth and lifted market confidence, including investor sentiment. The growing demand for Philippine goods and services in the international markets propelled exports while strong domestic consumption was sustained during the year.

"Economic growth was realized in an environment of

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