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Philippines marks Asia's fastest Q3 growth on strong consumer confidence

MANILA -- The Philippine economy grew 7.1% in the third quarter of 2016, surprising market watchers expecting slower growth in the absence of election-related drivers.

The Philippines' performance is the strongest in Asia so far, faster than China's 6.7% and Vietnam's 6.4%. India, which has been recording GDP growth rates above 7%, will release its third quarter results later this month.

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