The Philippine economy is seen to expand at an average of 6.4 percent from 2013 to 2016, as the government continues to improve the investment climate in the country, credit ratings agency Standard and Poor’s (S&P) said.

In its recent supplementary analysis, S&P estimated that the country’s gross domestic product (GDP) for this year will accelerate to 6.9 percent, higher than the 6.6 percent growth in 2012.

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