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Philippine Economic Analysis

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Tips:Economic AnalysisPhilippines withstand the international financial crisis and the tropical storm in 2009, due to the eff

Economic Analysis

Philippines withstand the international financial crisis and the tropical storm in 2009, due to the effective implementation of the government's economic stimulus plan and the growing overseas remittances avoid the Philippine economy into recession.

Foreign trade: Philippine imports of $ 3.89 billion in December 2009, a year-on-year rise of 17.9%, 7.3% of qoq. Annual total imports of $ 43 billion, a decrease of 24.2%, in line with the government the previous forecast of 25%. Japan remains the Philippines' largest source of imports, accounting for 12% of the month of imports, followed by the United States, China, South Korea and Singapore.
 



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