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ECONOMICS - Coggle Diagram
ECONOMICS
PHILIPPINES
The Philippines' economy is considered as one of the most dynamic economies in East Asia and the Pacific.
Economic growth is expected to rebound gradually in 2021-2022 as global conditions improve, and with more robust domestic activity bolstered by the public investment momentum and a boost from 2022 election-related spending.
Has a mixed economic system which includes a variety of freedom, combined with centralized economic planning government regulation.
The Philippine economy suffered its deepest contraction on record in the second quarter and revised down its forecast for the year amid one of Asia's strictest lockdowns against the coronavirus.
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SOCIAL SCIENCE
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It uses scientific methods to build theories that can help explain the behaviour of individual that is needed in economics
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