2011 2nd Qtr Regional Economic Situationer (RES) Report

Overview Growth of the Philippine economy further eased to 3.4 percent in the second quarter from a revised 4.6 percent in the first quarter, bringing the country’s first semester growth at an average 4.0 percent.  Second quarter growth was aided specifically by the rebound in agriculture production and the modest expansion of the services sector.… Read more »

2011 3rd Qtr Regional Economic Situationer (RES) Report

Overview The national economy reportedly grew by 3.2 percent in the third quarter, only slightly higher than the revised GDP growth of 3.1 percent for the second quarter and 4.6 percent in the first quarter.  The continued economic slowdown is blamed largely on overseas developments such as high oil prices, continuing low demand for electronics,… Read more »

2012 Annual Regional Economic Situationer (RES)

Overview The national economy grew 6.6 percent in 2012, exceeding the government’s target of 5.0-6.0 percent. This is also a big improvement from the 3.9 percent growth in 2011. But despite the national economy performing beyond expectations, the CAR economy may still record a lower but still positive growth in 2012. The 5.2 percent drop… Read more »