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Diokno says 'no urgency' for monetary action

ABS-CBN News
Updated as of Aug 23 11:51 AM

The revised and lower economic growth target of 4 to 5 percent this year is "doable" despite the restrictions imposed in Metro Manila to mitigate the spread of COVID-19, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday. Read more »

Local developer sees Davao keeping fast growth

Bruce Rodriguez, ABS-CBN News
Posted at Aug 18 07:23 PM

A local developer said Davao region's growth is poised to continue outpacing the national average. Read more »

Positive growth for PH economy possible in Q2

ABS-CBN News
Posted at Aug 06 01:08 PM

The Philippine economy could post double digit positive growth in the second quarter but more growth is needed to go back to pre-pandemic level, an economist said Thursday. Read more »

New Delta variant threatens 4.8 pct GDP growth forecast for PH: Moody's Analytics

ABS-CBN News
Updated as of Jul 20 11:42 AM

Moody's Analytics is keeping its economic growth forecast for the Philippines but it warned of potential downward risk due to the new Delta COVID-19 variant, its economist said Tuesday.  Read more »

Economy could 'begin growing again' in Q2: Finance chief

ABS-CBN News
Posted at May 28 09:35 AM

The Philippine economy could start growing again in the second quarter of 2021 due to the mass vaccination program and a reduction in COVID-19 cases, Finance Secretary Carlos Dominguez said.  Read more »

Thai economy shrinks 2.6 percent in first quarter

Agence France-Presse
Posted at May 17 03:39 PM

Thailand's economy shrank in the first quarter, official data showed Monday, as it was battered by coronavirus restrictions that have hit the key tourism sector hard. Read more »

PH economy shrinks 4.2 percent in 1st quarter but signs of recovery emerge

ABS-CBN News
Updated as of May 11 01:26 PM

The Philippine economy remained in recession, with gross domestic product contracting 4.2 percent in the first quarter, the Philippine Statistics Authority said Tuesday. Read more »

PH economy has time to grow up to 7.5 pct this year despite lockdowns: NEDA

Jessica Fenol, ABS-CBN News
Posted at Apr 26 12:54 PM

Socioeconomic Planning Secretary Karl Chua said it’s too early to change the forecast as the country still has 8 more months to catch up on growth.  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 »

Ayala ‘cautiously optimistic’ on 2021 growth, wary of second wave infections

ABS-CBN News
Posted at Jan 04 04:41 PM

The president of one of the country’s biggest conglomerates said he is “cautiously optimistic” over the Philippine economy’s growth prospects for this year.    Read more »

Thai economy shrinks less than expected, outlook raised

Orathai Sriring and Kitiphong Thaichareon, Reuters
Posted at Nov 16 12:30 PM

Japan's economy grew at the fastest pace on record in the third quarter, rebounding sharply from its biggest postwar slump, as improved exports and consumption showed the country is recovering from damage caused by the coronavirus pandemic. Read more »

China’s rapid growth shows why virus controls must trump reopening economy

Zhou Xin, South Chine Morning Post
Posted at Oct 19 10:36 PM

Half measures around the world, with premature decisions to reopen societies and economies, have led to new rounds of infections. Read more »

Gov't says Q1 contraction deeper as economy 'crash lands' into recession

ABS-CBN News
Updated as of Aug 05 09:11 PM

The Philippine Statistics Authority on Wednesday revised downward the first quarter economic growth, a day before the release of the potentially worse second quarter numbers. Read more »

First since 1998: Philippines GDP shrinks due to COVID-19 pandemic

ABS-CBN News
Updated as of May 07 10:45 AM

The Philippine economy, Asia's pace-setter, shrank in the January to March period after the COVID-19 pandemic put the economy in the freezer, officials said Thursday, as the nation looked to a possible recession. Read more »

China's virus-hit economy set to post first decline since at least 1992

Kevin Yao, Reuters
Posted at Apr 17 08:31 AM

China's coronavirus crisis is expected to have tipped its economy into its first decline since at least 1992, data is set to show on Friday, raising pressure on authorities to prop up growth as mounting job losses threaten social stability. Read more »

Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »

First quarter growth 'likely trimmed' by budget impasse: Pernia

ABS-CBN News
Posted at Mar 26 05:08 PM

One of the country's economic managers said economic growth in the first three months of the year was likely to have slowed because of the delay in passing the 2019 national budget.  Read more »

Poll: Analysts split on BSP rate hike after weak Q3 growth

Reuters
Posted at Nov 13 01:16 PM

Analysts were nearly evenly split on whether the Philippine central bank will raise interest rates on Nov. 15 to tackle stubbornly high inflation after the economy grew at its slowest annual pace in more than three years in the third quarter. Read more »

Third quarter growth seen faster as gov't spending picks up: Reuters poll

Reuters
Posted at Nov 06 07:35 PM

The Philippine economy likely expanded at a faster clip in the third quarter, driven by higher government spending and giving the central bank room to tackle stubbornly high inflation, a Reuters' poll showed. Read more »