By: Ben O. de Vera, INQ, 23 Jan 2020
MANILA, Philippines — The Philippine economy grew 5.9 percent in 2019, its slowest pace in eight years, no thanks to delayed approval of last year’s national budget.
The Philippine Statistics Authority (PSA) on Thursday reported that the gross domestic product (GDP) grew 6.4 percent in the fourth quarter of 2019.
While fourth-quarter GDP expansion was the fastest quarterly growth that year, it failed to lift the full-year figure to within the government’s downscaled 6-6.5 percent target range.
Based on the latest PSA data, GDP growth in 2019 was the lowest annual rate since 2011’s 3.7 percent.
As early as Wednesday, Socioeconomic Planning Secretary Ernesto M. Pernia already conceded that achieving last year’s growth goal was “unlikely” after the PSA revised the third-quarter figure to 6 percent from 6.2 percent previously.
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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