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Effects of 2013 Gdp Growth on Micro-Enterprises in Sta. Mesa, Manila: an Analysis

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Effects of 2013 Gdp Growth on Micro-Enterprises in Sta. Mesa, Manila: an Analysis
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE
DEPARTMENT OF BANKING AND FINANCE
STA. MESA, MANILA

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Effects of 2013 GDP Growth on Micro-Enterprises
In Sta. Mesa, Manila: An Analysis

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In Partial Fullfilment Of The Requirement Of The Degree
Bachelor In Banking And Finance

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By:
AMIEL C. MANANGHAYA
BBF 4-10S
2013 AUGUST

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PROF MELVIN JASON DE VERA

CHAPTER 1
THE PROBLEM AND ITS BACKGROUND

INTRODUCTION

As the 1st quarter of 2013 came in, news about Philippines’ boosting economy buzz left and right catching attention of not only national traders but also foreign. News stating about GDP growth, good credit ratings, different foreign investors starting their business here in metro, Peso-to-Dollar exchange rate going better, PSEi boosting and reaching its peak, unemployment rate lessen are disseminating through media partners that make the Philippines reached its fastest growing economy in South East Asia for the first quarter of 2013.
“ The Philippines has the fastest growing economy among Asian countries for the first quarter of 2013, the National Statiustical Coordination Board (NSCB) announced Thursday. NSCB announced that the country’s Gross Domestic Product (GDP) grew by 7.8% in the first quarter of 2013, faster that China (7.7%), Indonesia (6%), Thailand ( 5.3%), and Vietnam (4.9%); Secretary of Socioeconomic Planning of the Philippines Arsenio Balisocan said in a press conference aired lived on television Thursday.”
Different activities happened just for the first quarter of 2013 affecting not only the macro components of the society, but also the micro components significantly. These
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