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ADB keeps PH growth outlook; cites Delta variant as risk to recovery

ABS-CBN News
Posted at Jul 22 11:34 AM

The Asian Development Bank has kept its growth outlook for the Philippines despite the downgrade in developing Asia, due to the improved economic measures and its COVID-19 containment plans, its chief economist said Thursday. Read more »

ADB lowers growth outlook for developing Asia due to 'renewed' COVID-19 outbreaks

ABS-CBN News
Updated as of Jul 20 01:56 PM

The Asian Development Bank on Tuesday lowered its economic forecast for developing Asia due to the "renewed" COVID-19 outbreaks and sluggish recovery in several nations.    Read more »

New Delta variant threatens 4.8 pct GDP growth forecast for PH: Moody's Analytics

ABS-CBN News
Updated as of Jul 20 11:42 AM

Moody's Analytics is keeping its economic growth forecast for the Philippines but it warned of potential downward risk due to the new Delta COVID-19 variant, its economist said Tuesday.  Read more »

China's economy grows more slowly than expected in Q2

Kevin Yao and Gabriel Crossley, Reuters
Posted at Jul 15 12:05 PM

China's economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new COVID-19 outbreaks weighed on the recovery momentum. Read more »

Analysts downplay Fitch outlook, say PH economy may grow up to 6 pct this year

Warren de Guzman, ABS-CBN News
Posted at Jul 14 04:16 PM

The Philippine economy could grow 5 to 6 percent this year driven by its strong fundamentals, the COVID-19 vaccine rollout, and election spending, economists said Wednesday, downplaying Fitch Ratings' negative outlook.  Read more »

PH population overshoots forecast in 2020 but growth rate slows

Warren de Guzman, ABS-CBN News
Posted at Jul 13 05:34 PM

As of May 1 last year, there were over 109 million Filipinos according to the Philippine Statistics Authority; this was higher than the forecast 108 million, according to Socioeconomic Planning Secretary Karl Chua.    Read more »

China growth slowed sharply to 7.7 percent in second quarter: AFP poll

Beiyi Seow with Lianchao Lan in Shanghai, Agence France-Presse
Posted at Jul 13 01:48 PM

China's economic growth slowed sharply in the second quarter as the country's army of consumers remained hesitant to splurge and exports were dented by disruptions, according to an AFP poll of analysts. Read more »

FDI net inflows more than double in April, hit $679 million

ABS-CBN News
Posted at Jul 12 05:43 PM

The Philippines booked $679 million in net inflows of foreign direct investments in April, up 114.4 percent compared to the same month a year ago, the Bangko Sentral ng Pilipinas said on Monday.  Read more »

Philippine stocks at 4-month high on upbeat data

Reuters
Updated as of Jul 01 04:52 PM

Philippine stocks rose to their highest in more than four months on Thursday, boosted by upbeat data that showed a decline in unemployment and an expansion in manufacturing activity. Read more »

Philippine retailers cite PNoy's economic legacy

ABS-CBN News
Posted at Jun 25 06:00 PM

Former President Benigno Aquino III will be remembered for his "good governance" leadership which led to relatively high growth rates during his term, the Philippine Retailers Association (PRA) said on Friday as the group mourned his untimely death. Read more »

World Bank downgrades Philippine economic forecast to 4.7 percent for 2021

ABS-CBN News
Updated as of Jun 08 02:15 PM

The World Bank on Tuesday downgraded its Philippine economic forecast citing the resurgence in COVID-19 cases and reimposition of restrictions that could affect recovery this year.  Read more »

Sun Life asset unit cuts PH growth forecast, cites lack of fiscal stimulus

Warren de Guzman, ABS-CBN News
Posted at May 26 08:46 PM

Sun Life Asset Management cut its growth forecast for the Philippines to between 3.9 to 7.1 percent from an initial forecast of 7.5 to 9.7 percent.  Read more »

Singapore grows 1.3 pct in Q1, faster than expected

Reuters
Posted at May 25 12:48 PM

Singapore's economy expanded more than first thought in the first quarter and the government maintained its growth forecast for the year, but struck a cautious note about recovery due to uncertainties from the COVID-19 pandemic.   Read more »

PH a regional laggard amid struggle with virus: Moody's Analytics

ABS-CBN News
Posted at May 24 04:55 PM

The Philippine economy has become the regional laggard as the country continues to struggle to contain the COVID-19 pandemic and roll out its vaccination program, Moody’s Analytics said on Monday.    Read more »

Easing Metro Manila quarantine crucial for PH to achieve growth target: NEDA

ABS-CBN News
Updated as of May 03 09:56 AM

Metro Manila must ease its community quarantine status for the Philippines to achieve its economic growth target this year, the country's socioeconomic planning chief said Monday. Read more »

Philippine economy seen to grow by 4.5 percent 'or higher' in 2021: ADB

Jessica Fenol, ABS-CBN News
Updated as of Apr 28 11:37 AM

The Philippine economy is foreseen to grow by 4.5 percent this year and 5.5 percent in 2022, according to an Asian Development Bank report released Wednesday. Read more »

Developing Asia to recover strongly, but COVID-19 risks remain: ADB

Karen Lema, Reuters
Posted at Apr 28 08:45 AM

Developing Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday, underpinned by expectations of a solid global recovery and progress on vaccines. Read more »

IMF to boost global outlook again, warns financial conditions uncertain

Andrea Shalal, Reuters
Posted at Mar 31 03:04 AM

The global economy was on firmer footing, but developments are diverging dangerously across regions and countries, and even within nations.   Read more »

Dissecting Data: Foreign direct investments fall by a quarter

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Mar 11 02:44 PM

Three straight years of decline in FDI inflows indicate there are other reasons besides the pandemic why money isn’t flowing into a Philippine economy that averaged over 6 percent GDP growth in the years prior to the outbreak.  Read more »

First quarter GDP growth may still be negative, says BSP’s Diokno

ABS-CBN News
Posted at Mar 08 03:51 PM

Gross domestic product growth will likely remain weak in the first quarter, even negative, but there will be a strong rebound in the second quarter with the economy coming off a low base, the head of the Bangko Sentral ng Pilipinas said on Monday.  Read more »