SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
A key indicator of how the Philippine economy will perform this 2012 showed a 7.8% increase in July. Exports receipts for the month reached US$4.8 billion. This is a good start for the 3rd quarter following the strong 5.9% economic growth of the Philippines in the second. The slower global demand for Philippine products was the main reason the country grew only by 3.7% in 2011 from a robust 7.6% the year before. This year, however, we see electronics, the single biggest export product of the country, registering sharp drops, which still shows the global economic woes have not spared the Philippines.
Read more on Rappler.
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.