MANILA, Philippines (UPDATE) – The local economy likely grew between 6.2% and 7.2% in the fourth quarter from a year earlier, pushing full-year growth to 7% to 7.4%, the head of the National Economic and Development Authority (NEDA) said on Tuesday.
One of the drivers was the rebound in the farm sector during the last quarter of 2010, NEDA director-general Cayetano Paderanga told reporters.
The government has kept a gross domestic product (GDP) growth target of 5% to 6% for 2010 ever after higher-than-expected growth in the first half.
GDP grew by 7.9% and 7.8% in the second and first quarters, respectively, before slowing down to 6.5% in the third as the effect of government pump-priming and election spending faded.
For 2011, Paderanga has said economic expansion was expected to be “more modest.”
Nonetheless, the government is maintaining a 7% to 8% growth target range for this year.
The government will announce official fourth-quarter growth data on Jan. 31. –Reuters
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
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
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
