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If you think that just because the GDP grew 11.8 % year-on-year that we're out of a recession, think again.
The Philippine Statistics Authority announced that the Gross Domestic Product in the second quarter of 2021 grew 11.8 percent year-on-year, the highest growth in 24 years.The huge jump in GDP growth prompted many economists to declare that the economic recession that started ...
 
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2020 pummeled the economy.
The Philippine economy shrank a record 9.5 percent last year, official data showed Thursday, after coronavirus measures devastated the retail and tourism sectors while a series of natural disasters wrecked crops. But Acting Socioeconomic Planning Secretary Karl Kendrick Chua said the outlook for ...
 
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We all owe about P86,000.
The Philippine government’s outstanding debt is now at a cool P8.6 trillion as of April 2020, up by 10.4 percent from the P7.8 trillion during the same period last year. According to Businesmirror, latest data from the Bureau of the Treasury showed that ...
 
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Socioeconomic Planning Secretary cuts PH growth targets because of COVID-19.
The Philippines is likely to experience much slower economic growth this year and could possibly even hit negative territory if the Luzon-wide lockdown drags on. Socioeconomic Planning Secretary Ernesto Pernia said Tuesday, March 24, that if the country extended the enhanced community quarantine ...
 
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This is the lowest growth rate in the last 17 quarters.
The Philippine economy dipped slightly during the second quarter of 2019 as Gross Domestic Product (GDP) grew by 5.5 percent, the Philippine Statistic Authority (PSA) announced on Thursday, August 8.This is a 0.1 point drop from the first quarter’s GDP growth of 5.6 ...
 
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#PHGDP grew by 6.2% in 2018, down from 6.7% in 2017.
The Philippine economy’s growth in 2018 fell short of achieving the government’s (downgraded) targets of 6.5% to 6.9%.National Statistician and Civil Registrar General of the Philippine Statistics Authority (PSA) Lisa Grace Bersales announced in a press conference on January 24, Thursday, that ...
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