Lying south of Taiwan and east of Vietnam, the Republic of the Philippines is an archipelago of over 7000 islands. The country’s geography and complex history has given rise to a diversity of cultures and languages across the country’s 1000 inhabited islands.
Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household
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