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Ateneo Center for EconomicResearch and Development
Cielito F. HabitoCielito F. Habito
Ateneo Center for Economic Research &Ateneo Center for Economic Research &DevelopmentDevelopment
A Mid-Year Economic Assessment A Mid-Year Economic Assessment
Ateneo Center for EconomicResearch and Development
+Private domestic investmenthas rebounded; offsets drop inpublic construction and FDI+Government surpluses inrecent months keepcumulative deficit in check
2008 Highlights
Good News
Ateneo Center for EconomicResearch and Development
―
Prices:
Inflation hits double-digits
―
Jobs:
Massive job losses
―
Incomes/Output:
Slowdown orreversal across the board
Personal Consumption:
Dramaticslowdown
Net FDI inflows:
Steep decline
Government Spending:
Now a drag
Exports & Imports:
Stunningreversals
2008 Highlights:
Bad News
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