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Fitch Solutions: Asia's growth faces downside risks due to coronavirus outbreak

ABS-CBN News
Posted at Feb 07 10:00 PM

Fitch Solutions says Asia's growth faces downside risks due to the Wuhan coronavirus outbreak. Read more »

BSP says virus fallout could shave 0.3 point off PH GDP

ABS-CBN News
Posted at Feb 06 11:00 PM

The Philippine economy is widely seen weathering the potential negative impact from the novel coronavirus. Read more »

Diokno: Virus fallout could shave 0.3 point off Philippines GDP in first half

ABS-CBN News
Updated as of Feb 06 05:37 PM

The outbreak could slow tourist arrivals from China and remittances from Filipino expatriate workers there, Diokno said. Economic managers are aiming for 6.5 to 7.5 GDP growth for 2020.  Read more »

Gov't maintains GDP forecast despite coronavirus, Taal threats: finance chief

ABS-CBN News
Posted at Feb 04 07:52 PM

The Department of Agriculture has been enforcing strict biosecurity measures, quarantine checkpoints and disinfection facilities to contain and control the spread of ASF, the DOF said. A total of 193,350 pigs were culled, which led to losses for swine breeders in decline in hog production, it said.  Read more »

Hong Kong economy shrank 1.2 percent in 2019

Agence France-Presse
Posted at Feb 03 05:46 PM

The financial hub's gross domestic product shrank 1.2 percent on-year, official data showed, while the fourth quarter saw a 2.9 percent contraction. Read more »

Think tank: Novel coronavirus outbreak can cut China's GDP growth

ABS-CBN News
Posted at Feb 01 12:02 AM

The Economist Intelligence Unit says China's real GDP growth this year may slow by up to 1 percentage point from its baseline forecast of 5.9 percent. Read more »

Think tank: Novel coronavirus outbreak can slow China's GDP growth by up to 1 pct

ABS-CBN News
Posted at Jan 31 05:19 PM

The Economist Intelligence Unit says China's real GDP growth this year may slow by up to 1 percent from its baseline forecast of 5.9 percent. Read more »

US economy misses Trump's 3 percent growth target in 2019

Lucia Mutikani, Reuters
Posted at Jan 30 10:09 PM

The US economy missed the Trump administration's 3 percent growth target for a second straight year, posting its slowest annual growth in three years in 2019 as the slump in business investment deepened amid damaging trade tensions. Read more »

Malacañang unfazed by PH growth slowdown

ABS-CBN News
Posted at Jan 24 12:05 AM

Despite slower growth for 2019, the Philippine government is confident the country's economy will be able to bounce back this year. Read more »

PH misses 2019 GDP target | Dissecting Data

ABS-CBN News
Posted at Jan 23 05:35 PM

The Philippines narrowly missed its growth target for 2019. Bruce Rodriguez reveals areas of weakness for the economy in this edition of Dissecting Data. Read more »

Philippine GDP grows 6.4 percent in fourth quarter

ABS-CBN News
Updated as of Jan 23 12:47 PM

Gross domestic product expanded 6.4 percent in the fourth quarter compared to the revised 6 percent in the third quarter and the 6.4 percent median forecast of 22 economists in a Bloomberg poll.  Read more »

PH shares subdued ahead of Q4 2019 GDP data

ABS-CBN News
Posted at Jan 23 12:20 AM

Regulatory concerns continued to weigh on Philippine shares, closing flat on Wednesday. Read more »

Economic growth in Q3 2019 lower than earlier reported: statistics agency

ABS-CBN News
Posted at Jan 22 03:20 PM

Gross domestic product grew 6 percent in the quarter ended September, from the previous report of 6.2 percent. This would require at least a 6.8 percent expansion in the fourth quarter to meet the low end of the government's 6 to 7 percent goal for the entire 2019. Read more »

Philippine economic growth revs up as Taal Volcano looms

Jessica Fenol and Joel Guinto, ABS-CBN News
Updated as of Jan 21 10:59 AM

Gross domestic product likely grew 6.4 percent in the last 3 months of 2019, according to the median forecast of 22 economists in a Bloomberg poll. Socioeconomic Planning Secretary Ernesto Pernia gave a 6.6 percent forecast, compared to the 6.2 percent expansion posted in the previous quarter. Read more »

Manila's 'significant' gains vs poverty must translate to inclusive growth: IMF

Cathy Yang, ABS-CBN News
Posted at Jan 17 03:26 PM

Manila must ensure that poverty alleviation efforts are "targeted" rather than depending on effects of social programs to "naturally go down," said Changyong Rhee, director of the IMF's Asia and Pacific Department. Read more »

Philippines' 'timely' budget passage helps restore growth momentum: Moody's

ABS-CBN News
Updated as of Jan 09 04:30 PM

The signed P4.1 trillion national budget, which is 12 percent higher compared to the P3.7 trillion the previous year, is “credit positive” and will help sustain economic growth despite uncertain global risks, Moody's said in a statement.    Read more »

Duterte signs 2020 national budget into law

ABS-CBN News
Updated as of Jan 07 08:59 AM

President Rodrigo Duterte on Monday signed into law the 2020 national budget, averting a repeat of last year's delay that slowed economic growth. Read more »

Singapore economy grew just 0.7 percent in 2019: government

Agence France-Presse
Posted at Jan 02 03:30 PM

The trade ministry said in a statement Thursday that based on advance estimates, the economy expanded by 0.8 percent year-on-year in the fourth quarter to December. Read more »

Your money or your life: Can nations prosper by putting well-being before GDP in 2020?

Rina Chandran, Thomson Reuters Foundation
Posted at Jan 02 11:42 AM

With protests from Chile to Hong Kong last year over widening inequality, violence against women, and climate change, more policymakers and campaigners started to openly debate potential shifts away from an economic model that relies on growth. Read more »

US transport chief: Economic issues no factor in 737 MAX safety review

David Shepardson, Reuters
Posted at Dec 21 10:28 AM

WASHINGTON - The economic impact of Boeing Co's planned halt of 737 MAX production will not be considered by US regulators in their ongoing review of when to end the grounding of a plane involved in two major fatal crashes, US Transportation Secretary Elaine Chao said on Friday. Read more »