The Philippine economy grew 7.1 % last quarter -- the fastest growth in two years . TL;DR Philippines is one of Asia's fastest-growing economies, but it still has a long way to go before reaching its full potential. Manila is bucking the global pressures of EU debt crisis and China slowdown . IMF chief : Philippines economic forecast only nation revised up in 2012 .
The Philippine economy grew 7.1 % last quarter -- the fastest growth in two years . Economy growing at the fastest rate in Asia next to China 's 7.4 % growth . Manila is bucking the global pressures of EU debt crisis and China slowdown . IMF chief : Philippines economic forecast only nation revised up in 2012 .