Archive for the ‘Economy’ Category

Ma. Elisa P. Osorio
Philippine Star
The Philippine Chamber of Commerce and Industry (PCCI) said the economy will only grow by three to 4.2 percent next year while exports are expected to increase by only five to eight percent.
“The country will grow by no less than three percent. That is expected given the economic situation worldwide,” PCCI [...]

Des Ferriols
Philippine Star
The economy is expected to grow by a slower 1.8 percent in 2009, with exports actually expected to contract by one percent and government deficit rising to 2.1 percent of gross domestic product (GDP).
Latest projections made by the private think-tank Economist Intelligence Unit (EIU) showed the economy screeching to a near-halt in 2009 [...]

Erica Ogg
cnet News
Analysts are readjusting their expectations for the PC industry next year, and it’s not looking good.
On Wednesday, IDC released an updated forecast for the number of PCs expected to be shipped next year. In 2009, PC shipments will rise just 3.8 percent worldwide, according to the report.
That’s a drastic cut from the 13.7 [...]

Rob Lever
Agence France-Presse
WASHINGTON, United States — The United States officially joined the ranks of the recession-hit economies, but debate is still raging on how long and how deep the downturn will be.
The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), the panel recognized as the official arbiter of business cycles, said [...]

Aurelio O. Angeles
Philippine Daily Inquirer
(Conclusion)
WHAT DOES it mean to the people of the United States when their economy’s current account has been on deficit not just for a year, but for 31 years?
Here are thoughts that will blow your mind.
Deficits and the American people
First, remember my statement earlier, “people make up the economy, and economics [...]

Cielito Habito
Philippine Daily Inquirer
THE THIRD QUARTER GDP growth figures are out, and the numbers are as everyone expected. The economy has slowed down in the face of the shocks from abroad, and what kept it from slowing down as much as most of our neighbors did was the deliberate pumping up of government spending to [...]

Iris C. Gonzales
Philippine Star
Government economic managers should push for reforms that would help the Philippines cope with the impact of the global financial turmoil, Senator Edgardo Angara said yesterday.
The lawmaker noted for instance that the government should push for the amendment of the charter of the Bangko Sentral ng Pilipinas (BSP) to give the monetary [...]

Paolo Romero
Philippine Star

President Arroyo does not see the Philippines slipping into a recession despite contractions and slowdowns experienced in developed economies in Europe, Asia and the United States.
In an interview with Biz News Asia publisher Antonio Lopez yesterday, Mrs. Arroyo said the Philippines’ economic outlook remains uncertain due to the global economic crisis but the [...]

Paolo Romero
Philippine Star
President Arroyo does not see the Philippines slipping into a recession despite contractions and slowdowns experienced in developed economies in Europe, Asia and the United States.
In an interview with Biz News Asia publisher Antonio Lopez yesterday, Mrs. Arroyo said the Philippines’ economic outlook remains uncertain due to the global economic crisis but the [...]

Des Ferriols
Philippine Star
Economic officials said domestic demand created by private consumption and public spending would have to take up the slack in global demand and support the country’s economic growth in 2009.
The economy grew 4.6 percent in the third quarter, much slower than the 7.1 percent reported during the same period last year.
But Finance Secretary [...]