News Articles on {?keyword?} | ABS-CBN News

Fil-Chi bizmen see small omicron impact if curbed in Q1

ABS-CBN News
Updated as of Jan 14 09:08 AM

Filipino-Chinese businessmen remain bullish about economic growth this year despite the recent surge in COVID-19 infections. Read more »

Global growth could slow sharply due to Omicron: World Bank

Delphine Touitou, Agence France-Presse
Posted at Jan 12 07:53 AM

Global growth will 'decelerate markedly' this year, but the Omicron variant of Covid-19 that is spreading rapidly worldwide could make the situation worse and exacerbate labor shortages and supply chain snarls, the World Bank warned Tuesday. Read more »

Alert Level 3 in NCR seen to have 'minor' effect on economy

Jessica Fenol and Raine Musngi, ABS-CBN News
Updated as of Jan 04 12:22 PM

The recent reimposition of the stricter COVID-19 Alert Level 3 in Metro Manila could have 'minor' impact on the economy even as the DTI is estimating a P200 million loss, an economist said Tuesday. Read more »

Philippines raises 2021 growth forecast to 5 to 5.5 pct

ABS-CBN News
Updated as of Dec 14 09:02 PM

Philippine economic managers now expect the country to grow 5 to 5.5 percent, up from an earlier forecast of 4 to 5 percent, after a strong third quarter expansion. Read more »

ADB raises Philippine economic growth forecast to 5.1 percent in 2021

Jessica Fenol, ABS-CBN News
Updated as of Dec 14 09:56 AM

The Asian Development Bank on Tuesday raised its economic growth outlook for the Philippines in 2021 and 2022 as it remains on a "steady growth path" due to the vaccination program and declining COVID-19 cases. Read more »

China's growth 'slowing notably': IMF

Agence France-Presse
Posted at Dec 07 08:43 AM

China has an important part to play in the global economy as it recovers from Covid-19, but its growth is slowing, IMF Managing Director Kristalina Georgieva said Monday. Read more »

Lockdowns cause Australian economy to shrink

Agence France-Presse
Posted at Dec 01 10:25 AM

Lockdowns and border controls shrank Australia's economy by 1.9 percent in the third quarter, official statistics showed Wednesday, a decline more modest than expected but worse than in many other wealthy nations. Read more »

Moody's sees Asia Pacific growing 4.3 percent in 2022

ABS-CBN News
Posted at Nov 23 03:47 PM

The Asia Pacific Region's economy is seen to grow by 4.3 percent in 2022, slower compared to the 2021 forecast of 5.6 percent, Moody's Analytics said Tuesday. Read more »

BSP maintains interest rate at 2 percent

ABS-CBN News
Updated as of Nov 18 03:35 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark rate at 2 percent to support economic recovery. Read more »

BSP to remain 'patient' but says COVID-19 still threat to growth outlook

ABS-CBN News
Posted at Nov 16 11:50 AM

The central bank will remain patient when it comes to raising interest rates 'for a few more quarters,' BSP Governor Benjamin Diokno said Tuesday. Read more »

5 to 6 pct economic growth target 'attainable': BSP

ABS-CBN News
Posted at Nov 15 09:24 AM

A gross domestic product growth of 5 to 6 percent seems attainable this year, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said over the weekend, after the economy grew 7.1 percent in the third quarter. Read more »

NEDA: PH can reach 'upper middle-income' status in 2022

Job Manahan, ABS-CBN News
Updated as of Nov 13 02:13 PM

NEDA Undersecretary Rosemarie Edillon said the country was forecast to reach the status supposedly last 2020, but the COVID-19 pandemic hit. Read more »

PH Q4 prospects 'looking good' says analyst

ABS-CBN News
Posted at Nov 10 09:04 PM

IHS Markit Asia-Pacific Chief Economist Rajiv Biswas says Philippine growth for the fourth quarter is looking good and will be more competitive in manufacturing as companies diversify away from China. Read more »

Philippine GDP grows 7.1 percent in third quarter

ABS-CBN News
Updated as of Nov 09 03:26 PM

The Philippine economy continued to recover from the impact of the COVID-19 pandemic as gross domestic product expanded 7.1 percent in the third quarter, the state statistics bureau said Tuesday. Read more »

Q2 GDP growth raised to 12 percent

ABS-CBN News
Updated as of Nov 08 08:26 PM

The Philippines revised upwards its second quarter gross domestic product growth rate to 12 percent from a preliminary estimate of 11.8 percent. Read more »

World Bank says Delta slowing growth in Asia Pacific

Kanishka Singh, Reuters
Posted at Sep 28 01:11 PM

The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, the World Bank said. Read more »

Philippines’ growth for 2021-22 ‘encouraging’: NEDA

ABS-CBN News
Updated as of Sep 08 01:58 PM

The economy's performance this year and next year remains 'encouraging’, Socioeconomic Planning Sec. Karl Chua said on Wednesday. Read more »

Gov't urged to 'rethink' lockdowns as COVID-19 response

ABS-CBN News
Updated as of Aug 19 11:25 AM

The government should rethink using lockdown measures to mitigate the spread of COVID-19 as businesses have suffered enough from the cycle of lockdowns, a stakeholder said Thursday. Read more »

Road to economic recovery 'remains bumpy,' says BSP

ABS-CBN News
Posted at Aug 19 09:39 AM

Although on its way to bounce back, the path to economic recovery remains "bumpy," the Bangko Sentral ng Pilipinas said late Wednesday. Read more »

PH growth target lowered to 4-5 pct amid Delta lockdowns

ABS-CBN News
Posted at Aug 18 06:21 PM

Philippine economic managers have again lowered the growth target for 2021 due to the effects of the pandemic. Read more »