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Opinion

Dutertenomics -- less than meets the eye

Western investors are holding back due to concerns over rule of law and tax plans

| Philippines
Philippines' new taxes on business process outsourcing and other growth sectors have put off some foreign investors.   © Reuters

For all the political controversy he has generated, Philippine President Rodrigo Duterte is overseeing a period of rapid economic growth. After two strong years, the Philippines is expected in 2018 to remain Southeast Asia's fastest-growing economy, with a forecast increase in gross domestic product of 7%. Globally, it is behind only India.

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