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.
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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