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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 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 .
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]
In October 2018, the World Bank downgraded the economic outlook of the Philippines for 2018, but expects it to remain strong. [17] FMIC and UA&P expect the economy to improve in the second half of 2018. [18] On October 24, the Philippines improved its ranking by 29 places in the Ease of Doing Business rankings. [19]
For example, in June 2022, inflation peaked at 9.1 percent before settling at 6.5 percent by the end of that year. ... While the economy may not be in a recession, it’s important to remain ...
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 ...
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.
MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity in economic policy through his picks for central bank governor and finance ...