News

Dissecting Data: What's behind the country's slower economic growth?

ABS-CBN News
Posted at Aug 17 04:31 PM

The Philippine economy grew slower in the second quarter of 2018 at 6.0 percent, its slowest since 2015. But economic managers said the country is still among the fastest growing economies in Asia.  Read more »

BSP raises inflation forecast for 2018, 2019

ABS-CBN News
Updated as of Aug 09 08:48 PM

The BSP raised its inflation forecast for this year to an average of 4.9% from 4.5% announced in June.  Read more »

Ekonomiya lumago sa unang 3 buwan ng 2018

ABS-CBN News
Updated as of May 12 02:11 AM

Mula Enero hanggang Marso ng 2018, lumago ang ekomoniya ng 6.8 porsiyento, gaya ng inaasahan ng ilang economic analyst. Read more »

Growth?

Noel Celis, AFP
Posted at May 10 06:56 PM

Children play on wooden pallets in Manila Bay on Thursday. The Philippine economy grew by 6.8 percent from a year earlier in the three months to March, in line with most expectations though there are rising concerns over inflation, the government said on May 10. Read more »

Philippines' economic growth may surpass China's this year: Pernia

ABS-CBN News
Posted at Apr 13 05:31 PM

MANILA – Socioeconomic Planning Secretary Ernesto Pernia on Friday said the country’s economic growth this year could surpass China's 6.9 percent growth in 2017 and the World Bank’s forecast of 6.7 percent.   Read more »

Philippines Q4 2017 growth lowered to 6.5 pct

ABS-CBN News
Posted at Apr 12 04:05 PM

The Philippine Statistics Authority (PSA) on Thursday said it revised the economic growth figures for the last quarter of 2017, lowering it from 6.6 percent to 6.5 percent.  Read more »

Build, build, build in Cubao

Mark Demayo, ABS-CBN News
Posted at Feb 26 06:56 PM

Backhoes continue preparation of the foundation of a new infrastructure beside the Araneta Coliseum in Cubao, Quezon City on Monday. Construction is seen to be one of the drivers of economic growth in the coming years, creating jobs for many Filipinos. Read more »

ANALYSIS: Can the people taste economic growth?

Jose Galang – Your Business
Posted at Jan 23 11:20 PM

With the population growing to 104.9 million during the year, the national output, as measured by the gross domestic product, translated to a slower per-person increase of 5.0 percent in 2017, compared to 5.2 percent in 2016. Read more »

Why financial literacy matters in a growing economy

ABS-CBN News
Posted at Jan 02 11:34 AM

Having more money-smart Filipinos will help economic growth more sustainable, as savings are converted into investments, financial planners said. Read more »

World Bank upgrades Philippine growth projections for 2017

ABS-CBN News
Posted at Dec 15 04:59 PM

The World Bank has revised its 2017 growth projection for the Philippines upward to 6.7 percent from the previous 6.6 percent due to export growth driven by economic recovery worldwide.  Read more »

Developing countries in Asia-Pacific to grow by 5% this year

ABS-CBN News
Posted at May 09 01:09 AM

The United Nations Economic and Social Commission for Asia and the Pacific expects modest growth this year and the next due to uncertainties. Read more »

Weak British output data trigger growth concerns

Agence France-Presse
Posted at Apr 07 09:33 PM

LONDON - Britain's industrial output fell more than anticipated in February in a sign that the economic resilience seen after the Brexit referendum could be starting to crumble, official data showed Friday. Read more »

China aims for around 6.5 pct economic growth in 2017

Reuters
Posted at Mar 05 08:59 AM

China is aiming to expand its economy by around 6.5 percent in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Sunday. Read more »

Duterte keeping PH economic growth momentum: Andanar

ABS-CBN News
Posted at Jan 18 05:29 PM

President Rodrigo Duterte's Communications Secretary, Martin Andanar, said sustained growth momentum in the economy could be attributed to the new Philippine leader.   Read more »

China signals growth, not political disputes, should dominate G20

Sue-Lin Wong and Ben Blanchard, Reuters
Posted at Aug 15 02:51 PM

BEIJING - China expects next month's summit of the G20 which it is hosting will focus on boosting economic growth and other financial issues rather than disputes like the South China Sea, senior officials said on Monday. Read more »

World Bank: Quality of jobs in PH did not improve

ABS-CBN News
Posted at Jun 18 04:35 AM

A World Bank study reveals jobs in the Philippines have grown thanks to strong economic growth. But the quality of employment is not enough to lift the lives of poor Filipinos. Read more »

Duterte spending plan prompts PH outlook upgrade

ABS-CBN News
Posted at Jun 14 08:11 PM

MANILA - ING Bank on Tuesday said it upgraded the country's economic growth forecast for the next two years due to the planned higher deficit spending by President-elect Rodrigo Duterte. Read more »

Dominguez: Growth target too high, needs to be more realistic

Liza Reyes, ABS-CBN News
Updated as of Jun 04 12:50 AM

MANILA - The incoming head of president-elect Rodrigo Duterte's economic team believes current growth assumptions are "too high" and needs a more realistic target. Read more »

World Bank maintains 6.4 pct 2016 growth forecast for PH

Warren de Guzman, ABS-CBN News
Updated as of Apr 11 05:08 PM

MANILA (UPDATE) - The World Bank maintains its growth outlook for the Philippines at 6.4 percent for 2016, despite an earlier downgrade of growth expectations for the Philippines by the Asian Development Bank. Read more »

China seen posting slowest economic growth in 25 years

Kevin Yao, Reuters
Posted at Jan 19 09:31 AM

BEIJING - China is expected to report its weakest quarterly economic growth in nearly seven years on Tuesday, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets. Read more »