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The Philippines posted a respectable GDP growth of 0.9 percent in 2009, avoiding a recession and making it one of the few countries in Asia whose growth remained in positive territory.
HIGHLIGHTS OF 2009 PHILIPPINE ECONOMIC PERFORMANCE Production and Expenditure The Philippine economy grew by 0.9 percent in 2009. It continued to post low, albeit positive, growth rates just as the global economy reached the bottom of the pool in 2009.
This report presents the initiatives and programs of the BSP in 2009 within BSP’s three-pronged program: 1) to provide the enabling policy and regulatory environment, 2) to increase the capacity of the BSP and the banking sector in microfinance, SME finance operations, and 3) to promote and advocate for the development of a sound, sustainable an...
2009 Second Quarter A. Key Economic Developments The Philippine economy proved its resiliency in the second quarter of 2009 by dispelling recessionary fears and defying market expectations. Lifting the economy was the increased consumption activity during the period, both by the government through its economic resiliency plan, and private
21 Ιουν 2010 · Report No. 51557-PH PHILIPPINES DEVELOPMENT REPORT 2009 MANAGING THE GLOBAL RECESSION, PREPARING FOR THE RECOVERY June 2010 Poverty Reduction and Economic Management Unit East Asia and Pacific Region Document of the World Bank
ANNUAL FINANCIAL REPORTS: This section contains the Annual Financial Reports (AFRs) of National Government Agencies, Local Government Units (LGUs), Government-owned and/or Controlled Corporations (GOCCs), and Annual Reports on Allotments, Obligations and Disbursements.
The Philippine economy slimly dodged a recession. After posting an insipid 0.6% growth rate in the first quarter, the Philippine economy grew by a decent 1.5% in the second quarter of 2009, bringing the average first semester growth to 1.0% (Table 1). During the said
