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.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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