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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 ...
The Philippines consumes an average of 17,000 metric tons of onion per month. [7] In August 2022, the country was predicted to experience a shortage of onion and garlic. [8] The price of red onion in 2021 ranged between ₱90 and ₱120. [6]
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]
Sugar Regulatory Administration (SRA) administrator Hermenegildo Serafica noted a decrease of sugar output in the Philippines for the 2021–22 crop year.Only 1.8 million metric tons (MT) was produced by June 15 in contrast to the 2.12 million MT output produced by June 13 of the 2020–21 crop year.
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.
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 ...
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 ...
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [380] As a newly industrialized country, [381] [382] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.