The impact of the Super Typhoon Yolanda will take its toll on the growth of the Philippine economy, a group of international accountants said.

In its latest “Economic Insight: South East Asia” report, the Institute of Chartered Accountants in England and Wales (ICAEW) said that, “strong government spending in the Philippines and an expected increase in exports to China in the latter half of this year were forecast to boost GDP [gross domestic product] growth to 6.9 percent in 2013.”

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