Philippines growth down to 4.6% amid global crisis
From: Business
Category: Business
01/29/2009 (6 h 48 m ago)
The Philippines' economic growth slowed to 4.6 percent in 2008 amid the financial crisis which gripped the economies worldwide, the government said on Thursday.
Last year's growth rate is lower than the 7.2-percent hike posted in 2007 when the economy grew at its fastest pace in more than 30 years.
For the fourth quarter 2008 alone, the gross domestic product (GDP), which measures the value of goods and services produced by an economy, grew by 4.5 percent compared with 6.4 percen ...
Last year's growth rate is lower than the 7.2-percent hike posted in 2007 when the economy grew at its fastest pace in more than 30 years.
For the fourth quarter 2008 alone, the gross domestic product (GDP), which measures the value of goods and services produced by an economy, grew by 4.5 percent compared with 6.4 percen ...
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