The Philippine economy grew "remarkably" in 2013 as the fourth quarter gross domestic product (GDP) posted 6.5 percent, amounting to 7.2 percent economic growth for the whole year of 2013, according to Philippine Statistics Authority and Socioeconomic Planning Secretary Arsenio Balisacan.

In the GDP release, Balisacan said that overall economy is bright despite the challenges faced by the country for the year, citing the Super Typhoon Yolanda, Zamboanga siege and Cebu-Bohol earthquake among others.

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