The Gross Domestic Product (GDP) grew by 4.8 percent in the fourth quarter of 2006. The Gross National Product (GNP), meanwhile, posted a 5.9 percent growth, which is mainly due to the continued growth in the Net Factor Income from Abroad (NFIA) at 18.3 percent.
The year 2007 started with a slower national annual headline inflation rate of 3.9 percent in January from 4.3 percent in December.
The Peso continues to show signs of strength at it averaged P49.467 during the month of December.
The year 2007 started with a slower national annual headline inflation rate of 3.9 percent in January from 4.3 percent in December.
The Peso continues to show signs of strength at it averaged P49.467 during the month of December.
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