economic-growth | ABS-CBN News

PH sovereign debt at P13.42 trillion as of end-December 2022

ABS-CBN News
Updated as of Feb 02 01:32 PM

The national government ended 2022 with a total outstanding debt of P13.42 trillion, the Bureau of Treasury said on Thursday. Read more »

Philippine economy seen to grow 6.2 percent in 2023: Citi economist

Jessica Fenol, ABS-CBN News
Posted at Feb 01 03:04 PM

The Philippine economy is expected to post a robust growth in 2023 but slower than the above-target expansion last year, an economist said on Wednesday. Read more »

Marcos Jr: PH 'headed in right direction' after posting 7.6 pct growth rate

Job Manahan, ABS-CBN News
Posted at Jan 27 01:55 PM

Marcos said while they are happy about this, there are 'certain sectors of society and of the economy, [who] have yet to enjoy the benefits of that growth.' Read more »

PH economy exceeds target, grows 7.6 percent in 2022

ABS-CBN News
Updated as of Jan 26 03:53 PM

The 7.6 percent GDP growth for the year exceeded the 6.5 to 7.5 percent target set by economic managers and the median analyst forecast of 6.8 percent. Read more »

Think tank sees PH growth slowing to 5 pct this year

Warren de Guzman, ABS-CBN News
Posted at Jan 25 07:49 PM

GDP growth in the fourth quarter of last year will again be high, but growth will be slower in 2023, independent think tank IBON Foundation said on Wednesday. Read more »

Marcos to WEF: PH to grow 'around 7 percent' this year

ABS-CBN News
Posted at Jan 18 04:51 PM

During his opening remarks at the World Economic Forum's country strategy dialogue, Marcos cited the country's 'strong macroeconomic fundamentals' for the projected economic growth this year. Read more »

AMRO cuts PH growth, raises inflation forecast for 2023

Warren De Guzman, ABS-CBN News
Posted at Jan 17 02:41 PM

The ASEAN+3 Macroeconomic Research Office on Tuesday downgraded its forecast for the Philippine economic growth this year while raising its inflation estimates. Read more »

Palace says PH growth likely exceeded target in 2022

ABS-CBN News
Updated as of Jan 17 04:13 PM

Philippine economic growth likely exceeded the target of 6.5 to 7.5 percent in 2022, the Presidential Communications Office said on Tuesday. Read more »

Vietnam reports strong economic growth of 8 percent

Agence France-Presse
Posted at Dec 29 03:00 PM

Vietnam's economy grew by eight percent in 2022, driven by strong exports and retail sales, authorities said on Thursday. Read more »

Growth downgrade for China 'very likely' on COVID surge: IMF chief

Beiyi Seow, Agence France-Presse
Posted at Dec 15 03:31 AM

The IMF earlier warned that tough virus restrictions have been especially hard on China's residents. Read more »

ADB raises growth forecast for Philippines but lowers outlook for developing Asia

Jessica Fenol, ABS-CBN News
Updated as of Dec 14 10:24 AM

The Asian Development Bank on Wednesday said it has lowered the outlook for developing Asia due to lingering risks while the forecasts for the Philippines and Southeast Asia were raised due to the "surprisingly robust" performance of select countries. Read more »

World Bank: PH economy to grow 7.2 percent in 2022

ABS-CBN News
Posted at Dec 06 03:12 PM

The Philippine economy could expand by 7.2 percent in 2022 before slowing down next year, driven by pent-up demand and the strong performance in the first 3 quarters. Read more »

PH economy seen to grow faster in 2022 before waning next year: Fitch Solutions

ABS-CBN News
Posted at Nov 11 12:25 PM

Fitch Solutions on Friday said it raised its Philippine economic growth forecast for 2022 due to the faster-than-anticipated third-quarter output. Read more »

PSEi ends lower amid good PH economic growth

ABS-CBN News
Posted at Nov 10 11:26 PM

The PSE index still ended Thursday's session lower despite better-than-expected Philippine economic growth in the third quarter. Read more »

Philippine GDP grows 7.6 percent in third quarter

ABS-CBN News
Updated as of Nov 24 02:06 PM

GDP grew 7.6 percent in the third quarter, faster than the revised 7.5 percent expansion in the second quarter and the 8.2 percent in Q1. Read more »

NZ hikes interest rates to seven-year high

Agence France-Presse
Posted at Oct 05 03:11 PM

New Zealand's central bank on Wednesday delivered its eighth consecutive interest rate hike as it battles inflation. Read more »

Karding unlikely to cut economic growth for 2022: Balisacan

ABS-CBN News
Updated as of Sep 27 02:33 PM

The country's economic growth target for the year remains achievable despite the damage caused by Super Typhoon Karding, Socioeconomic Planning Secretary Arsenio Balisacan said Tuesday. Read more »

ADB cuts 'developing Asia' growth forecast as China lockdowns bite

Agence France-Presse
Updated as of Sep 21 09:25 AM

The Asian Development Bank on Wednesday cut its 2022 growth forecast for developing Asia, with crippling Covid-19 lockdowns in China, conflict in Ukraine and efforts to combat inflation dragging on the region. Read more »

Moody's affirms Philippines Baa2 ratings with 'stable' outlook

Jessica Fenol, ABS-CBN News
Updated as of Sep 19 10:45 AM

Moody's Investor Service has affirmed the Philippines Baa2 ratings with a stable outlook citing its capacity to meet external debt payments, policy continuation and strong recovery from the COVID-19 pandemic. Read more »

German economy grew in second quarter, better than estimated

Agence France-Presse
Updated as of Aug 25 03:05 PM

Germany's economy grew slightly in the second quarter, an improvement from a previous estimate of stagnation, revised official data showed Thursday, pushing back the specter of recession Read more »