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PH budget deficit seen to narrow in 2022: Fitch Solutions

ABS-CBN News
Posted at Jan 14 12:18 PM

The Philippines' budget deficit is seen to narrow in 2022 but is likely to remain higher compared to its pre-pandemic level, Fitch Solutions told ANC. Read more »

BSP seen to 'gradually' tighten monetary policy in 2022

Jessica Fenol, ABS-CBN News
Posted at Dec 17 01:34 PM

The Bangko Sentral ng Pilipinas could begin gradually tightening monetary policy in 2022 by bringing interest rate to 2.75 by the end of next year, Fitch Solutions said Friday. Read more »

BSP seen hiking rates by 75 bps in 2022

ABS-CBN News
Posted at Nov 22 11:18 AM

The Bangko Sentral ng Pilipinas will keep its benchmark rate steady this year but is likely to hike rates by 75 basis points next year, Fitch Solutions said on Monday. Read more »

Fitch Solutions raises PH economic forecast to 4.5 percent in 2021

ABS-CBN News
Posted at Nov 10 02:08 PM

Fitch Solutions on Wednesday said it revised upwards its 2021 economic forecast for the Philippines to 4.5 percent from 4.2 percent. Read more »

Sara in presidential race still possible: Fitch Solutions

ABS-CBN News
Posted at Oct 12 01:07 PM

Sara Duterte-Carpio may still run for president despite not filing her candidacy for the post, Fitch Solutions said Tuesday, citing a "loophole" in the country's electoral laws. Read more »

BSP seen to hasten rate hikes in 2022: Fitch Solutions

ABS-CBN News
Posted at Sep 27 10:46 AM

The Bangko Sentral ng Pilipinas is likely to implement faster key policy rate hikes in 2022 up to a total of 75 basis points, Fitch Solutions said Monday. Read more »

Fitch Solutions sees peso weakening in near term

ABS-CBN News
Posted at Sep 22 04:57 PM

Fitch Solutions said this was because of the uncertainty around the country’s handling of the COVID-19 crisis, low rates, and weakening fundamentals. Read more »

Fitch Solutions sees risk of political instability ahead of polls

ABS-CBN News
Posted at Sep 13 03:58 PM

Policy-making may be affected by "political jostling" at a time when Philippine economic recovery remains weighed down by the COVID-19 pandemic. Read more »

Fitch Solutions lowers Asia outlook on Delta threat

ABS-CBN News
Posted at Aug 30 02:03 PM

Fitch Solutions lowered its growth outlook for Asia’s emerging economies on Monday citing the fresh disruptions caused by COVID-19’s Delta variant. Read more »

PH told to address cycle of lockdowns to boost recovery

ABS-CBN News
Posted at Aug 17 01:12 PM

The cycle of lockdowns in the Philippines remains a threat to its economic recovery, Fitch Solutions said Tuesday, after it downgraded its outlook for the country this year. Read more »

Fitch Solutions downgrades PH growth outlook

ABS-CBN News
Updated as of Aug 14 11:19 PM

Fitch Solutions on Thursday downgraded its growth forecast for the Philippines to 4.2 percent from an earlier outlook of 5.3 percent saying the country continues to struggle amid new COVID-19 outbreaks Read more »

Any COVID lockdown extension a risk to Philippine economic growth prospect: analyst

ABS-CBN News
Posted at Aug 02 11:45 AM

The Philippine economy could grow by 5.3 percent this year but a further extension to the new Delta lockdown could hurt prospects, Fitch Solutions said Monday. Read more »

PH consumer spending seen fully recovering only in 2022 as vaccination lags

ABS-CBN News
Posted at Jul 29 01:47 PM

Fitch Solutions noted that the Philippines' vaccination drive lags behind the wider Asia region, with just 9.9 percent of the population having received at least one dose on July 23. Read more »

Fitch Solutions sees inflation easing, BSP keeping rates through 2nd half of 2022

ABS-CBN News
Posted at Jun 28 04:41 PM

Fitch Solutions on Monday said it expects the Bangko Sentral ng Pilipinas to keep its policy rate on hold at 2 percent through the second half of 2022 before hiking it by 50 basis points at the end of next year.    Read more »

Fitch Solutions lowers PH growth forecast, says rebound to be slower

ABS-CBN News
Updated as of May 12 09:23 PM

Fitch Solutions lowered its economic growth forecasts for the Philippines for this year and next year noting that the country is having difficulty checking the COVID-19 outbreak, and is struggling to vaccinate its citizens.  Read more »

PH unlikely to hit growth target amid spike in COVID-19 cases: Fitch Solutions

ABS-CBN News
Posted at Mar 30 02:50 PM

The Philippines is unlikely to hit its growth target this year because of the recent surge in COVID-19 cases and the strict quarantine restrictions imposed to curb this, Fitch Solutions said on Monday.  Read more »

Fitch sees stable energy security in PH amid slower coal power growth

ABS-CBN News
Posted at Jan 15 11:48 AM

The Philippines will have stable energy security over the decade with the 20 gigawatts of new power projects in the pipeline, despite slower growth of coal power projects, an analyst from Fitch Solutions said on Friday. Read more »

Fitch Solutions sees higher nickel prices as China demand rises

ABS-CBN News
Posted at Sep 07 11:31 AM

Fitch Solutions said Monday nickel prices could rise as economies recover, especially China which is the largest nickel ore consumer in the world.  Read more »

ABS-CBN shutdown 'highly politicized,' to weigh on foreign investments: Fitch Solutions

ABS-CBN News
Updated as of Jul 08 04:16 PM

MANILA — The “forceful termination” of multimedia giant ABS-CBN Corp and part of the services of its unit, Sky Cable, will weigh on the country’s ability to lure foreign investors, noting the decision was “highly politicized,” a report by Fitch Solutions said on Wednesday. Read more »

Philippine fiscal stimulus to 'cushion' pandemic blow on economy: analyst

ABS-CBN News
Posted at Jul 01 11:10 AM

The path to economic recovery rests on the passage of fiscal stimulus measures among others, an analyst said on Wednesday as it sees the Philippine economy shrinking by at least 2 percent this year. Read more »