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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 ...
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]
On the second quarter of 2020, the Philippine economy went into a recession for the first time in 29 years, where it shrank by 16.5%, which was one of the biggest falls in the Southeast Asian region. GDP fell by 9%. Seasonally adjusted GDP fell by 15.2 percent in the second quarter from the first three months of the year. [46]
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 .
February 8, 2024 at 6:48 AM MANILA (Reuters) - Philippine President Ferdinand Marcos Jr said on Thursday that calls for independence for the country's southern island of Mindanao were a ...
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.
Instead, take advantage of today's outstanding savings account rates. Even with the Fed cutting its benchmark interest rate twice this year, many savings accounts are still paying around 4%.
Retired Chief Justice Hilario Davide Jr., a member of the 1986 Constitutional Commission that crafted the 1987 Constitution, opposed proposed amendments and revisions to the charter, describing such proposals as a "lethal experiment, a fatal hit, [and] a plunge to death"; [29] he also warned against amending the "restrictive economic provisions ...