Economists hike 2011 forecast; cite healthy prospects

Published by rudy Date posted on December 7, 2010

THE ECONOMY could grow by a higher 5.0-5.5% next year, research firm GlobalSource Partners, Inc. said in a new report where it adjusted its 2011 forecast from 4.7% previously.

“With continued robust growth of overseas workers’ remittances, still very strong corporate earnings, a benign macro environment, and high business confidence and trust in the new administration, we are now looking at 5%-5.5% growth in 2011,” economists Romeo L. Bernardo and Margarita D. Gonzales said in a report dated December 3.

Last month’s Treasury yields free fall, meanwhile, is expected to correct but “our bet is they will stay in a low-level zone for the near term, likely below 5% for the next couple of years, drifting upwards only when public and private investment activity kick into high gear to warrant an adjustment,” they said.

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more than other cost items.
For widespread, practical equality!”

Invoke Article 33 of the ILO Constitution
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October –

   

Monthly Observances:

Industry and Commerce Safety Month 

National Statistics Month 

Local Government Month 

Consumer Welfare Month 

Cooperative Month

National Quality and Productivity Improvement Month 

National Health and Wellness Tourism Month
National Indigenous Peoples Month

 

Weekly Observances:

Week 1: Elderly Filipino Week 

Week 2: National Health Education Week 

Local Government Week 

National Mental Health Week 

October 17-23:

National Week for Overcoming Extreme Poverty 

October 18 – 24:

United Nations Week 

Last Week:

Nurses’ Week 

Consumers’ Protection Week 

Week of the 4th Sunday:

Barrio Farmers’ Week

 

Daily Observances:

First Monday (Oct 4): Universal Children’s Day i
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Oct 5: National Teachers’ Day 

Oct 10: Local Government Day 

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Oct 21: Tenants’ Emancipation day 

Oct 24: United Nations Day 

Oct 29: National Indigenous People’s Thanksgiving Day

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