By EDU LOPEZ and CHINO LEYCO, mb.com.ph
The Philippine economy, as measured by the gross domestic product (GDP), expanded by 7.3 percent in 2010, the highest in 24 years. The growth was achieved on the back of a strong foreign trade performance and election spending.The last time the domestic economy grew at this pace was in 1986 following the restoration of democracy in the country after a bloodless People Power revolution that catapulted President Benigno S. Aquino III’s mother, Corazon C. Aquino to power.
