Ever heard the term ‘Burgernomics’? Believe it or not, there’s actually such a term and it’s widely used by economists/investors. The publication The Economist actually publishes an index that makes reference to the Big Mac PPP. Err, the Big Mac what? PPP is short for Purchase Power Parity. PPP is a theory that states that … Continue reading Burgernomics
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Philippine BOP surplus improves to $506 mn in July The Philippines reported a balance of payments surplus of $506 million in July. This is much larger than the $142 million recorded in the same month last year. This brought the January-July period balance to a surplus of $2.72 billion. Figure is an improvement from last … Continue reading Macro update; 8.19.2009
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