MANILA, Philippines – Business outlook for 2010 is the most upbeat in 14 years as the economy recovers from the global crisis, according to a survey conducted by the Makati Business Club (MBC).
The MBC Executive Outlook Survey showed that 89% of respondents believe that gross domestic product (GDP) growth this year would exceed the 0.9% growth registered in 2009. This percentage of optimistic respondents was the highest in 14 years, surpassed only in July 1996 when 93.9% of respondents believed economic growth would be higher than the previous year.
But MBC executive director Alberto Lim noted that the overwhelming positive sentiment of the business community for this year was expected since last year’s GDP growth was an 11-year low.
In the 2009 survey, only 2% expected economic growth to surpass growth in 2008.
Majority of respondents this year foresee a more favorable trend in 2010 for most of the other major economic indicators: a stable peso (36.5%), higher levels of investments (66.2%), exports (74.3%), and imports (73.0%).
On the other hand, majority of the respondents forecast a higher inflation rate (66.2%), and interest rate (55.4%).
MBC latest survey was conducted among its members from February 19 to March 24. Seventy-four members responded, representing around 10% of MBC’s total membership. –abs-cbnNEWS.com
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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