71. The most broadly used definition of a recession is two consecutive quarters in which economic output falls. 72. The ONS said economic output was higher in the second quarter of the year than first thought and lower in the first quarter. 73. The Philippine capital and surrounding provinces produce about a third of economic output. 74. The Pacific-wide trading partnership would span four continents and account for half the global economic output. 75. The next biggest contributor to local economic output is the military, followed by construction. 76. The power utility, known as Meralco, services an area accounting for a third of economic output. 77. The offer, which expired at the end of September, had boosted consumption and buoyed economic output. 78. The recent expansion in money supply growth and an expected pick-up in economic output pose the greatest threats to the forecast, the central bank said. 79. The Statistics Office said its results are based on economic output in October and November, while it relied on estimates for December performance. 80. The second big methodological question is whether economic output masks other variables that are the real source of happiness. |
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