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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 S&P 500 peaked for the year at 4,796 on its January 3, 2022 close, before declining 25% to its low for the year in October 2022. [11] [12] In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970. [13] [14] On September 13, 2022, the S&P 500 declined by 4.32% in its largest single-day drop since June ...
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]
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.
Philippine President Ferdinand Marcos Jr said on Thursday that calls for independence for the country's southern island of Mindanao were a "constitutional travesty" and "doomed to fail."
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.
Stocks fell nearly 2% the day of the job news, with the S&P 500 index down 5.7% from its mid-July peak. The Nasdaq tech index is down 10% from its July peak and has now entered a correction.
July 22 – Angela Clare Lim Tan, Alexis Griff Genovatin and Arthur Caleb Co win gold medals and a silver at the 2022 Copernicus Math Olympiad in New York City. [ 346 ] July 30 – ABS-CBN actress and executive Charo Santos-Concio and musical film Katips wins top awards in the 70th FAMAS Awards which was held at the Manila Metropolitan Theater .