By ANNA LEAH E. GONZALES, THE MANILA TIMES, 23 Jan 2020
THE Philippine economy grew to 6.4 percent in the fourth quarter of 2019, the slowest in eight years, bringing the full-year growth rate to 5.9 percent, just below the government’s target.
The Philippine Statistics Authority (PSA) said in a briefing Thursday that the October-to-December figure was higher than the revised 6.0 percent in the third quarter and the 6.3 percent recorded in the same period in 2018.
“This fourth-quarter 2019 growth outturn brings the full-year 2019 economic growth to 5.9 percent, the slowest in eight years and slightly below the [lower end] of the 6.0 to 6.5-percent revised target of the government for the year,” Socioeconomic Planning Secretary Ernesto Pernia said.
“We have seen our economy facing several challenges, even at the start of 2019 as the budget impasse led to delays in the implementation of government programs and projects. Adding to the problem was the election ban on certain, mostly infrastructure projects,” he added.
Pernia however said that the country’s gross domestic product (GDP) likely ranked third in the region, after Vietnam’s 7.0 percent and China’s 6.0 percent.
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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