via Inquirer Mobile: http://inqm.news/sclg
By Ronnel W. Domingo
January 26, 2023 03:46:00
The Philippines’ gross domestic product (GDP) grew by 7.2 percent in the fourth quarter of 2022, resulting in a 7.6 percent full-year growth, according to the Philippine Statistics Authority.
The preliminary figure for 2022 surpasses the government’s target GDP growth range of 6.5 percent to 7.5 percent.
National Statistician Dennis Mapa said in a press briefing that the main contributors to the fourth quarter 2022 growth were wholesale and retail trade and repair of motor vehicles and motorcycles; financial and insurance activities; and manufacturing.
For the full year, the industries that contributed the most to the annual growth were: Wholesale and retail trade, and repair of motor vehicles and motorcycles; manufacturing; and construction.
In 2022, the industry sector grew by 6.7 percent, services sector by 9.2 percent, and agriculture, forestry and fishing sector by 0.5 percent.
Economic Planning Secretary Arsenio Balisacan attributed the stellar fourth-quarter performance to pent up demand following the lifting of pandemic restrictions and full reopening in the last three months of the year.
“We are confident that we will remain in our high growth trajectory,” Baliscan told a media briefing.
He said China’s reopening was sure to be a boon for the Philippine economy, while protecting the purchasing power of Filipinos and ensuring food security would remain priorities for the government.–With a report from Reuters
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!
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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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