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
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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