[In the news] PH economy slows down under Aquino – RAPPLER.com

PH economy slows down under Aquino – RAPPLER – Philippine News | Multimedia | Citizen Journalism | Social Media. by Katherine Visconti, RAPPLER.com January 30, 2012 MANILA, Philippines – In 2011, the first full year of the Aquino administration, the Philippine economy slowed down to 3.7% from a robust 7.6% the year before due to…

Human Rights Online Philippines

January 30, 2012

1–2 minutes

Aquino Administration, Asia, Citizen journalism, Impeachment, In the News, Manila, Philippine, Philippine economy, Renato Corona, Social media

PH economy slows down under Aquino – RAPPLER – Philippine News | Multimedia | Citizen Journalism | Social Media.

by Katherine Visconti, RAPPLER.com

January 30, 2012

MANILA, Philippines – In 2011, the first full year of the Aquino administration, the Philippine economy slowed down to 3.7% from a robust 7.6% the year before due to factors beyond the government’s control–global economic woes and bad weather–as well as the well-criticized delays in government spending on crucial infrastructure.

This confirms previous forecasts that the government missed its GDP growth rate target of 4.5% to 5.5% for 2011. Gross domestic product (GDP) is one of the primary indicators to gauge the health of an economy.