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Another near miss EDITORIAL 02/01/2010

Monday, February 1, 2010


Another near miss


EDITORIAL
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02/01/2010

According to the government, as calculated by the National Economic and Development Authority (Neda), the economy managed a 1.8 percent growth in the fourth quarter which is just enough for a near miss of a contraction with the gross domestic product (GDP) growing, if it can still be called a growth, by 0.9 percent for the entire year.

For the many years of Gloria, nine years in fact, the economy never went into recession even at a time when obviously many Filipinos who used to have adequate lives are slipping into poverty..... MORE


SourceThe Daily Tribune

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