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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 US economy today is not in recession. Signs that we're imminently tipping into one are limited. But if and when the day comes that this economic expansion meets the limits of its potential ...
Recent data shows easing inflation and a steady decline in jobless claims in recent weeks, but the labor market and the economy aren't out of the woods, BCA Research says.
This is an accepted version of this page This is the latest accepted revision, reviewed on 15 January 2025. Economy of the Philippines Metro Manila, the economic center of the Philippines Currency Philippine peso (sign: ₱; code: PHP) Fiscal year Calendar year Trade organizations ADB, AIIB, AFTA, APEC, ASEAN, EAS, G-24, RCEP, WTO and others Country group Developing/Emerging Lower-middle ...
The MRT-3 will be handed over by the Metro Rail Transit Corporation to the national government upon the end of its build-lease-transfer contract. [15]The MRT Line 7 will be operational for its initial 12 stations from North EDSA in Quezon City to Sacred Heart in Caloocan.
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]
For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
January 4 – President Duterte signs Republic Act No. 11510, institutionalizing the alternative learning system (ALS). [2] [3]January 18 – The Department of National Defense announces its unilateral termination of its 1989 accord with the University of the Philippines which took effect three days earlier over claims that the New People's Army is recruiting members in the universities' campuses.