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The Philippine economy fell into recession for the first time in 29 years with a record slump in the second quarter, as strict lockdown measures ravaged economic activity and prompted the ...
Historically documented states/polities (north to south) Pangasinan (historical polity) Caboloan; Cainta; Tondo; Namayan; Maynila; Kumintang; Ibalon; Ma-i; Pulilu
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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.
The Philippine economy contracted by 0.2% in the first quarter of 2020, for the first time since 1998, due to the COVID-19 pandemic and resulting lockdown. [196] Fitch Ratings downgraded its outlook on the Philippines to factor in the impact of the global health crisis brought about by the coronavirus disease 2019 (COVID-19). [197]
Article III provides for the cession of the Philippines to the U.S. by Spain and the payment of 20 million dollars to Spain by the US. [21] [verification needed] December 21 US President McKinley issues the Benevolent Assimilation Proclamation December 23 Pres. Aguinaldo signs the Malolos Constitution. [32] [34] [36] December 24
India's economy benefited from recent high economic growth which declined greatly due to the global economic crisis. [ 27 ] [ 28 ] Economic growth in India during FY2008-09 stood at 6.7%. [ 29 ] The global crisis had less impact of India because exports account for only 15% of India's GDP, less than half the levels of major Asian economic ...
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]