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
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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