Philippine economic growth eases to 0.9 per cent in 2009
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2009 GDP growth of 0.9% slowest in 11 years
MANILA, Philippines – Battered by the global financial turmoil and typhoons Ondoy and Pepeng, the Philippine economy, as measured by gross domestic product (GDP), grew by 0.9 percent last year, the slowest pace in 11 years, the National Statistical Coordination Board (NSCB) reported yesterday.
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Philippine economic growth eases to 0.9 per cent in 2009
Manila – Economic growth in the Philippines eased to an 11-year low of 0.9 per cent in 2009, dragged down by the global financial crisis and a series of destructive storms, the government said Thursday. The 2009 gross domestic product (GDP) growth ra…
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