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China sets growth target of 'above 6 pct' for 2021

Agence France-Presse
Updated as of Mar 05 10:30 AM

China's leaders set an economic growth target of "above 6 percent" for 2021 on Friday, at the opening of the country's annual legislative session. Read more »

Vaccination to lead to economic recovery by fourth quarter: presidential adviser

ABS-CBN News
Posted at Mar 04 06:28 PM

A rapid vaccination drive in the second and third quarters will lead to economic recovery by the fourth quarter, Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion said Thursday.   Read more »

PH economy seen growing 9.6% this year despite delayed vaccination program

Warren de Guzman, ABS-CBN News
Updated as of Mar 04 02:48 AM

MANILA - The Philippine economic recovery post-COVID is expected to start off with a near 10 percent rebound in GDP growth this year, but there are few roadblocks to growth.  Read more »

Dominguez: PH needs ‘more years’ to fully recover losses from pandemic

Bruce Rodriguez, ABS-CBN News
Posted at Feb 26 07:33 PM

Finance Secretary Carlos Dominguez III said the local economy will need "more years" to go back to its pre-pandemic levels as the country continues to stagger from the impacts of COVID-19. Read more »

UK economy shows signs of stabilization after new lockdown hit

William Schomberg and David Milliken, Reuters
Posted at Feb 19 09:47 PM

Britain’s economy has stabilized after a new COVID-19 lockdown last month hit retailers, and business and consumers are hopeful the country’s vaccination campaign will spur a recovery, data showed on Friday. Read more »

Philippine economy seen contracting again in Q1, return to positive growth in Q2

ABS-CBN News
Posted at Feb 17 12:29 PM

Former Socioeconomic Planning Secretary Ernesto Pernia said the country could post year-on-year gross domestic product (GDP) growth in the second quarter as the government further eases restrictions and rolls out vaccines.  Read more »

Philippines 'last' among countries in economic recovery, trade chief says

John Gabriel Agcaoili, ABS-CBN News
Updated as of Feb 16 11:46 PM

Among all economies, the Philippines is placing last in terms of resurgence from the deadly outbreak, Trade Sec. Ramon Lopez stressed, citing the country's negative growth rate of its gross domestic product (GDP). Read more »

UK economy suffers record 9.9 pct slump in 2020

Reuters
Posted at Feb 12 04:56 PM

Britain's coronavirus-ravaged economy shrank 9.9 percent in 2020, the biggest annual fall in output since modern records began, but avoided heading back towards recession in the final quarter of the year, official figures showed on Friday. Read more »

Britain's economy to reach pre-COVID-19 levels within two years - Reuters poll

Jonathan Cable, Reuters
Posted at Feb 12 10:07 AM

Britain’s economy will narrowly dodge a double-dip recession and will have returned to pre-COVID-19 levels within two years, according to economists in a Reuters poll who said the Bank of England was unlikely to take borrowing costs negative. Read more »

Malaysian GDP suffers sharpest contraction since 1998

Agence France-Presse
Posted at Feb 11 06:52 PM

Malaysia's economy last year contracted at its fastest pace in more than two decades, as the coronavirus shuttered businesses and hammered the country's key exports, data showed Thursday.  Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday in line with analysts' expectations.  Read more »

Dissecting Data: Surging pork prices push inflation to 2-year high; NCR, poor among worst hit

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Feb 05 11:39 PM

Philippine inflation hit a two-year high in January, at 4.2 percent, starting 2021 on a sour note for the economy. Read more »

Philippine inflation quickens to 4.2 percent in January

ABS-CBN News
Updated as of Feb 05 01:23 PM

MANILA (UPDATE 2) - Philippine inflation quickened in January driven by higher food prices, the state statistics bureau said on Friday. Read more »

NEDA targets lower 2022 growth rate than DBCC forecast

ABS-CBN News
Updated as of Feb 04 02:39 PM

NEDA updated its growth target to 6.5 to 7.5 percent next year, which was lower than the 8 to 10 percent growth forecast announced last year by the Development Budget Coordination Committee. Read more »

Inflation slowing down, BSP likely to cut rates anew by 25 bps: economist

ABS-CBN News
Posted at Feb 02 04:48 PM

The Bangko Sentral will likely its policy rate again by at least 25 basis points to help the national government's infrastructure program and boost the economy amid the continuing impact of the pandemic, an economist said Tuesday.   Read more »

Robredo urges gov't to learn from better-performing nations in COVID-19 response

Gillan Ropero, ABS-CBN News
Posted at Jan 31 02:14 PM

Vice President Leni Robredo on Sunday urged the Duterte administration to address its low ranking among countries assessed for their COVID-19 response and the country's worst GDP yet, by learning from other nations. Read more »

Positive growth for Philippines by Q2, off to 'slow start' in 2021: NEDA chief

Bruce Rodriguez, ABS-CBN News
Posted at Jan 29 07:15 PM

The Philippine economy is off to a "slow start" in 2021 and will only see positive year-on-year growth by the second quarter of the year, the country's acting socioeconomic planning official said on Friday. Read more »

Bangko Sentral sees quicker inflation in January as food prices spike

ABS-CBN News
Posted at Jan 29 04:09 PM

 The Bangko Sentral ng Pilipinas on Friday said inflation was likely to hit 3.7 percent this January, settling within the 3.3 percent to 4.1 percent range.   Read more »

Worst contraction on record: Philippine economy shrunk 9.5% in 2020

ABS-CBN News
Posted at Jan 28 09:43 PM

The Philippine economy posted its worst performance on record, shrinking into a negative growth and taking a beating from COVID-19 precautions. Read more »

Ekonomiya sumadsad sa pinakamababang antas simula World War 2

ABS-CBN News
Updated as of Jan 28 10:30 PM

Pinadapa ng pandemya ang ekonomiya ng Pilipinas noong 2020, ang pinakamalala na mula noong 1947 o pagkatapos ng World War 2. Read more »