Wednesday, November 28, 2012
Philippines
Other stories from the Philippines
- 21 November 2012: Philippines to host four-country meeting about South China Sea disputes
- 9 September 2012: UN's Convention on Domestic Workers expected to take effect in 2013
- 3 September 2012: Philippine economic growth slows slightly in 2nd quarter of 2012
- 28 August 2012: Maria Lourdes Sereno becomes the first female Philippine Chief Justice
- 11 April 2012: Airlines modify flight routes amid North Korea rocket launch plans
...More articles here
Location of the Philippines
The Philippine economy grew by 7.1% during the third quarter of 2012, higher than the 5.4% forecast by market analysts. Bloomberg Businessweek speculates the country will be among the top 10 fastest growing economies in 2012.
This news will likely influence the Philippines bank Bangko Sentral ng Pilipinas to ease its current policy of cutting interest rates. The central bank is expected to cut rates again in December. It had previously done so four times throughout 2012 in response to the current global economic crisis.
A combination of factors likely influenced the high growth. Exports unexpectedly grew by 22.8% in September compared to the previous year. Meanwhile, inflation was at a four-month low and remittances by overseas Filipino workers reached $1.8 billion during the same month.
Sources
- "Philippines 7.1% Growth Surprise May Herald End of Rate Cuts" — Bloomberg Businessweek, November 27, 2012
- "Philippines economic growth better than forecast" — BBC News, November 27, 2012
- Reuters. "Philippine economy seen picking up in Q3, South-east Asia still resilient" — The Straits Times, November 27, 2012
| We have students in our Walnut Creek ,Ca yoga tai chi qigong class studio from following zip codes: 94595 94596 94597 94598 94523 94506 94507 94526 94553 94518 94519 94520 94521 94517 94549 94563 94575 94582 94583, and beyond. http://daoyoga.info/ https://sites.google.com/site/daoyogaqigongwalnutcreekk/ |
No comments:
Post a Comment