4 in 10 Filipinos Trapped in 'Vicious Cycle of Poverty'

Four in 10 Filipinos are “trapped in a vicious cycle” of slipping in and out of poverty whenever they are affected by external shocks, despitethe Philippines' strong, sustained economic growth over the past several years, according to a study by the Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness (AIM RSN PCC), reports Inquirer.net.