The Philippine economy grew 7 % last quarter -- the fastest growth in two years . ( CNN ) -- Economy growing at the fastest rate in Asia next to China 's 7.4 % growth . Philippines is bucking the global pressures of EU financial crisis and economic slowdown . IMF chief : Philippines economic data only was revised up in 2012 .
The Philippine economy grew 7 % last quarter -- the fastest growth in two years . Economy growing at the fastest rate in Asia next to China 's 7.4 % growth . Philippines is bucking the global pressures of EU financial crisis and economic slowdown . IMF chief : Philippines economic data only was revised up in 2012 .