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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 ...
After more than two years in a bull market, the stock market is still surging. The S&P 500 (SNPINDEX: ^GSPC) is up by more than 60% from its lowest point in October 2022, while the Nasdaq ...
In the first two quarters of 2022, U.S. gross domestic product (GDP) posted its first two declines since the COVID-19 recession; decreasing at an annual rate of 1.6% in the first quarter of 2022 and a 0.9% annual rate in the second quarter. [6] GDP growth rates in the European Union also slowed significantly in the first half of 2022. [7]
It hasn't been a great time for folks in the business of predicting recessions. The Conference Board's Leading Economic Index signaled a recession in 2022. The highly regarded inverted yield curve ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
As of 2022, the Bangsamoro Autonomous Region in Muslim Mindanao has the highest incidence of poverty in the country at 37.2% while Metro Manila has the lowest at 3.5%. [13] [14] Children in the Philippines are particularly vulnerable to the effects of poverty and suffer high rates of mortality for those below 5 years old. [15]
February 4. The International Astronomical Union names an asteroid 7431 Jettaguilar in honor of Jose Francisco Aguilar, a medical doctor and amateur astronomer. [12]The United States Federal Bureau of Investigation places three members of Kingdom of Jesus Christ on its most wanted list, among them its founder Apollo Quiboloy, accused of sex trafficking.
While the economy's growth appears to be slowing, the National Retail Federation said that a recession is unlikely to occur for the remainder of 2022. Consumer Spending Growth Slowed in May, But a ...