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TOKYO — To grasp the dynamics that bumped Japan into recession and off its perch as the world’s third largest economy on Thursday, look no further than Risa Shinkawa’s dining habits. Unlike unionised workers at big manufacturers…
TOKYO (Reuters) -Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its…
We survived 2022—a remarkable achievement considering that we had war, inflation, recession, natural disasters, food, and energy shortages all in one year. Moreover, 2022 world population exceeded eight billion, with another billion in 15 years’ time. By…
With the peso-dollar exchange rate now seemingly courting P60 to the dollar, our economy appears to be suffering from a case of LDM, or loose dollar movement. Dollars are indeed flowing out of the country for various…
Contributions to the state-run pension fund Social Security System (SSS) dropped 7.1 percent to P204.75 billion in 2020 as millions of its members lost their jobs amid the COVID-19 pandemic, the Department of Finance (DOF) said Friday.…
MANILA, Philippines — The COVID-19 pandemic and natural disasters such as the Taal volcanic eruption and a string of strong typhoons have inflicted the Philippines’ worst post-war recession in 2020, with the economy shrinking by a record…
It seems conventional wisdom now that the way out of the COVID-19-induced recession is to throw money—lots of it—at the problem. The term commonly used is “economic stimulus,” which in the current context means government spends unprecedented…
MANILA, Philippines — The strong peso may be a portent of bad economic news because it is being caused primarily by a steep drop in imports that were needed for the Philippines to maintain its growth trajectory, according…
Our country has experienced negative growth for two quarters in a row in 2020 and is now technically in recession. In the first quarter of 2020, we contracted by 0.7 percent, and for the second quarter, the…
The British vote to leave the European Union (EU), also called as the “Brexit,” will only affect the Philippines, including Cebu, if this British action will affect the US economy. This was the general sentiment of Cebu…
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