The government said the economy is expected to report a growth of between 0.7 percent to one percent for the whole of last year after an expansion in the fourth quarter of between 0.6 percent to 1.6 percent, acting National Economic and Development Authority (Neda) director general Augusto Santos said yesterday.
The fourth quarter performance was somewhat affected by a slowdown in output in the agriculture sector as a result of natural disasters that hit the country and a slump in the performance of the manufacturing sector as a result of the global recession.
Santos said the growth estimate for the year still stands at 2.6 percent to 3.6 percent but he added economic managers have to meet when the actual performance figures for last year are released on Thursday.
Farm production shrank 2.4 percent in October to December from a year earlier after strong typhoons ravaged crops, the agriculture department said last week.
“For 2010, we will not really be abandoning the stimulus package. We will continue with stimulus spending although at a reduced scale compared to 2009,” he said.
The stimulus spending notwithstanding, inflation this year should stay within the central bank’s target of 3.5 percent to 5.5 percent, Santos said.
Inflation averaged 3.2 percent in 2009. –Aytch de la Cruz, Daily Tribune
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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