Philippine-Economy.com

Monthly Archive: January 2021

Economic Performance

JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS ON THE PHILIPPINE ECONOMIC PERFORMANCE FOR THE FOURTH QUARTER AND FULL-YEAR OF 2020

We entered 2020 with the prospects of becoming an upper middle-income country two years ahead of our 2022 target. Earlier in 2018, we achieved a record low poverty rate of 16.7 percent of the population, lifting some six million Filipinos out of poverty four years ahead of our target.

Human Development / Labor

Opening Message of Acting Secretary Chua during the Launch of 2020 Human Development Report

We congratulate UNDP for the launch of the 2020 Human Development Report. Thank you for recognizing the significant human capital gains we have all worked on. The Report also tackles crucial issues on natural disasters and sustainable development and emphasizes how our actions shape our planet and affect inequalities in society. We value the Report’s endorsement of empowering people to enhance equity, foster innovation, and instill a sense of stewardship of nature as these are all consistent with our development objectives.

Economic Recovery / Human Development / Labor / Youth Sector

PH YOUNG POPULATION COULD DRIVE ECONOMIC RECOVERY, AS NEDA CHIEF INVITES YOUTH TO JOIN GOV’T – NEDA

After experiencing one of the longest lockdowns necessary to capacitate the Philippine health system, the country needs to safely allow economic activities driven by the country’s young population, the country’s Chief Economist said.

Exports / Trade

EXPORTS GROWTH SIGNALS RECOVERY FOR PH TRADE – NEDA

MANILA – Philippine trade performance in November 2020 showed encouraging signs that the country is well-positioned to take advantage of improvements in external demand and that the government’s efforts to reinvigorate businesses is gaining traction, the National Economic and Development Authority (NEDA) said.