‘Officials in the Philippines say poverty has worsened in the first half of 2014 due to a rapid rise in food prices and the lingering effects of a deadly typhoon, pushing the number of Filipinos living in poverty to 25.8 percent, up 1.2 percent year-on-year.
The worsening poverty in Asia’s second fastest growing economy was announced by the Philippine Statistics Authority in a statement on Friday.
The growing impoverishment followed super typhoon Haiyan that devastated the central Philippines in early November 2013, killing more than 7,350 people.’
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