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Philippines total external trade up 26 8 pct in June
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Okay na eh : 2-week ECQ to derail employment sector s recovery, says DOLE exec
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From 7.1% in 2016 , economic expansion was down by a percentage point to 6.1% in 2019, according to official data. In the interim years, growth eased to 6.9% in 2017 and 6.3% in 2018.
The government pointed to slow growth in the agriculture and manufacturing sectors, and the residual impact of a nearly three-decade slowdown in the Chinese economy
The year 2019 turned out slower as economic output - measured by the gross domestic product (GDP) or the sum of goods and services produced at a given period - grew at a weaker pace, pulled down by low infrastructure spending amid budget issues.
“Infrastructure development has been the focus of the Duterte administration since it started,” the Bank of the Philippine Islands’ (BPI) economic research team told CNN Philippines. “However, the Build, Build, Build program hit a roadblock in 2019 amid the budget impasse in Congress, thereby delaying the implementation of projects.
Published July 25, 2021, 11:33 AM
A good balancing act between maintaining the country’s economic recovery and protecting Filipinos against the dreaded Delta variant of the coronavirus disease (COVID-19).
DTI Secretary Ramon Lopez speaks during President Duterte’s pre-recorded public briefing on Saturday, July 24, 2021. (Screengrab from Facebook live) That’s how Department of Trade and Industry (DTI) Secretary Ramon Lopez described the reimposition of a general community quarantine (GCQ) “with heightened restrictions” on five areas in the country, including the National Capital Region (NCR), until July 31, 2021. The government’s pandemic task force made the move as a way of pre-empting the local spread of the highly-contagious and potentially deadlier Delta variant.
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