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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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