Search results
Results from the WOW.Com Content Network
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
2020 in the Philippines details events of note that have occurred in the Philippines in 2020. This year is largely defined by COVID-19 pandemic that caused of the national economic recession and continued until the state of public health emergency was lifted in the country on July 21, 2023.
However, in the later years, the worst recession in Philippine history occurred, with the economy contracting by 7.3% in both 1984 and 1985. [1] [5] [6] The dramatic rise and fall of the Philippine economy during this period is attributed to the Marcos administration's use of foreign loans (debt-driven as opposed to productivity-driven growth ...
Shanghai Composite dropped to a four-year low, escalating their economic downturn since the 2015 recession. [37] [38] 2020 stock market crash: 24 Feb 2020: The S&P 500 index dropped 34%, 1145 points, at its peak of 3386 on February 19 to 2237 on March 23. This crash was part of a worldwide recession caused by the COVID-19 lockdowns. [39] [40] [41]
History of transportation in the Philippines (2 C, 1 P) Pages in category "Economic history of the Philippines" The following 23 pages are in this category, out of 23 total.
This article covers the history of the current Philippine republican state following the 1986 People Power Revolution, known as the Fifth Philippine Republic.. The return of democracy and government reforms beginning in 1986 were hampered by national debt, government corruption, coup attempts, disasters, a persistent communist insurgency, [1] and a military conflict with Moro separatists. [2]
According to World Bank data, the Philippines' gross domestic product (GDP) quadrupled from $8 billion in 1972 to $32.45 billion in 1980, for an inflation-adjusted average growth rate of 6% per year. [40] Indeed, according to the U.S.-based Heritage Foundation, the Philippines enjoyed its best economic development since 1945 between 1972 and 1980.
This is an accepted version of this page This is the latest accepted revision, reviewed on 30 December 2024. ← 2018 2017 2016 2019 in the Philippines → 2020 2021 2022 Decades: 1990s 2000s 2010s 2020s See also: List of years in the Philippines films music television sports 2019 in the Philippines details events of note that have occurred in the Philippines in 2019. Incumbents For the ...