FMIC revises PH growth outlook upward

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FIRST Metro Investment Corp. (FMIC), the investment arm of Metrobank, has joined  a growing line of others in revising the growth forecast for the Philippines this year.

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The Philippine economy, backed by a combination of strong investment and public and private consumption, will expand by 6.5 to 7 percent until the end of this year, said FMIC, which had previously pegged the growth rate at 6 percent. MAYVELIN U. CARABALLO

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