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Philippine GDP
Lockdowns push DBCC to cut growth target
THE government’s economic team decided to forgo its 6- to 7-percent growth target for the Philippine economy this year following the reimposition of lockdowns to curb the spread of the more contagious Covid-19 Delta variant.
‘Aquino admin reforms paved the way for a stable economy’
THE reforms implemented by former President Benigno “Noynoy” S. Aquino III strengthened the country’s macroeconomic fundamentals, which enabled the Philippines to bag its first investment grade rating, expand GDP by 6.2 percent and lift millions out of poverty during his term.
BIR April take up 142% but misses P235-billion goal
Pandemic’s long-term jobs damage flagged
THE magnitude of the shock brought by the pandemic on the Philippine economy may lead to “hysteresis” characterized by long-term adverse effects on formal employment in the country, according to the Asian Development Bank (ADB).