gdp | ABS-CBN News

‘Good chance’ for BSP to pause hike later this year: analyst

ABS-CBN News
Posted at Mar 24 10:28 AM

The BSP may pause its interest rate hiking streak as the US Federal Reserve signaled to do the same later this year, an analyst said Friday. Read more »

Philippine economy likely to expand by 5.5 percent in 2023, says Fitch

ABS-CBN News
Posted at Mar 08 10:18 AM

The Philippine economy is expected to stay resilient this year, Fitch Ratings Director For Asia Pacific Banks Tamma Febrian said. Read more »

China sets modest 2023 GDP goal of some 5% after COVID

Maya Kaneko, Kyodo News
Posted at Mar 05 11:51 PM

China set a modest gross domestic product growth target for 2023 at around 5 percent after missing its goal last year due to the economic fallout from its now-ended 'zero-COVID' policy. Read more »

UN proposes cutting debt of most vulnerable nations

Agence France-Presse
Posted at Feb 23 08:23 AM

The UN Development Program proposed reducing the debt of 52 low and middle-income countries, days before G20 finance ministers meet in India. Read more »

BSP seen to implement more rate hikes due to elevated inflation: Fitch

ABS-CBN News
Posted at Feb 20 12:21 PM

The Bangko Sentral ng Pilipinas is seen to continue hiking the country's key policy rate in the first half of 2023 due to the elevated inflation, Fitch Solutions said. Read more »

Japan GDP rebounds less than expected in fourth quarter

Agence France-Presse
Posted at Feb 14 10:44 AM

Japan's economy expanded just 0.2 percent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists, government data showed. Read more »

THE DAY IN PHOTOS: February 13, 2023

ABS-CBN News
Posted at Feb 14 12:21 AM

Here are the day's top stories in photos. Read more »

Singapore's economy grows 3.6 percent

How Hwee Young, EPA-EFE
Posted at Feb 13 07:34 PM

Singapore's economy, estimated by the International Monetary Fund at $423 billion, expanded by 3.6 percent in 2022. Read more »

Singapore maintains 2023 GDP growth forecast, spurred by China reopening

Agence France-Presse
Posted at Feb 13 06:01 PM

Singapore will stick to its economic growth forecast for 2023 despite the slowdown last year, encouraged by China's rapid reopening after years of crushing zero-Covid policies. Read more »

UK skirts recession with zero fourth-quarter growth

Agence France-Presse
Posted at Feb 10 04:06 PM

Britain's economy narrowly avoided recession after flatlining in the last 3 months of 2022, despite soaring inflation, official data showed Friday. Read more »

Former NEDA chief urges Marcos to stay home, fix agri

Warren de Guzman, ABS-CBN News
Posted at Feb 09 02:34 PM

Marcos should consider cutting back on foreign trips and focus more on solving the country’s problems, especially in agriculture, a former socioeconomic secretary said. Read more »

PH economy may 'slip' below target in 2023: ING Bank

Jessica Fenol, ABS-CBN News
Updated as of Feb 09 01:03 PM

The Philippine economy is expected to grow by 5 percent in 2023, lower than the government target and the pent up demand-driven expansion last year due to existing headwinds and as consumers refocus on building their savings, ING Bank Manila said on Thursday. Read more »

Rate hikes hindi sapat para mapababa ang inflation: ekonomista

ABS-CBN News
Posted at Feb 08 03:55 PM

Hinikayat ng isang ekonomista ang gobyernong ireksonsidera ang mga istratehiyang ngayon para mapababa ang inflation o bilis ng pagtaas ng mga presyo ng bilihin at serbisyo. Read more »

Slowdown in spending, growth seen due to elevated inflation: analyst

ABS-CBN News
Posted at Feb 08 11:07 AM

The elevated inflation in the Philippines is expected to cause a more pronounced deceleration in terms of growth and household spending, Fitch Solutions Food and Drink Analyst Damien Yeo said on Wednesday. Read more »

Indonesian economic growth rises to nine-year high

Agence France-Presse
Posted at Feb 06 03:38 PM

Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs. Read more »

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 »

Lawmaker slams GDP growth, cites continued hardship of ordinary Filipinos

RG Cruz, ABS-CBN News
Posted at Jan 31 02:09 AM

A lawmaker has criticized the Philippine government for touting the growth in the country's gross domestic product, citing the hardships of ordinary Filipinos. Read more »

PH economy grew 7.6 pct in 2022

ABS-CBN News
Updated as of Jan 26 09:56 PM

The Philippine economy expanded at its fastest rate in over forty years in 2022 thanks to revenge spending. Read more »

'Pagpaparamdam na lumalakas ang ekonomiya, hamon sa gobyerno'

ABS-CBN News
Posted at Jan 26 08:57 PM

Sinabi ng ilang ekonomista na hamon para sa pamahalaan na maiparamdam ang mga pag-unlad na ito sa karaniwang tao. Read more »