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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 ...
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 ...
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]
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.
The COVID-19 recession was a major global economic crisis which has caused both a recession in some nations, and in others a depression. It is currently the worst global economic crisis in history, surpassing the impact of the Great Depression. The economic crisis began due to the economic consequences of the ongoing COVID-19 pandemic.
Soaring inflation took over as the big threat to the economy this year, with experts predicting a prolonged recession that will dominate 2023. Cost crisis wrought havoc in 2022, but 2023 set to be ...
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.
NRF chief economist Jack Kleinhenz is not betting on a recession happening this year. NRF Says Recession in 2022 Unlikely; Touch and Go for 2023 Skip to main content