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PH economic recovery to be slower than neighbors: HSBC economist

ABS-CBN News
Posted at Jan 12 02:28 PM

The Philippines is likely to experience slower economic recovery compared to its Asian peers, due to the slow recovery of services sector which is a major contributor to its growth, an economist said Tuesday. Read more »

PH economy to see slower 4 to 4.2 pct growth post-2021: economist

Nika Lazo, ABS-CBN News
Posted at Jan 07 11:55 AM

The Philippine economy is likely to settle on a "lower growth path" of 4 to 4.2 percent in the years after 2021, slower than the 6 percent average growth of gross domestic product (GDP) pre-coronavirus, an economist said Thursday. 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 »

December inflation likely below BSP forecast, new rate cut also possible: economist

ABS-CBN News
Posted at Jan 04 03:32 PM

The Philippine economy and inflation are seen to settle below government targets as the country remains to have overall weak demand, an economist said Monday. Read more »

Dissecting Data: Looking back at the Philippine economy in 2020

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Dec 29 06:35 PM

2020 was a record year, a year like no other, for all the wrong reasons.  Read more »

New COVID-19 variant may delay economic recovery: PCCI

ABS-CBN News
Posted at Dec 28 11:15 AM

The new COVID-19 variant will delay the Philippines' economic growth if it will reach the country, a business group said Monday. Read more »

Economic managers see GDP shrinking up to 9.5 percent this year

ABS-CBN News
Updated as of Dec 03 08:48 PM

Philippine economic managers again lowered their forecast for the economy this year following the release of official unemployment figures, and after the country's gross domestic product shrank at a worse than expected pace in the third quarter. Read more »

Series of storms seen pushing Nov inflation to 3 pct

ABS-CBN News
Posted at Nov 30 04:17 PM

The series of strong storms that hit the Philippines in October and November will likely accelerate this month’s inflation, and affect even prices in December, an analyst said on Monday.  Read more »

E-commerce seen driving PH internet economy to $28 billion by 2025: Google

ABS-CBN News
Posted at Nov 27 05:19 PM

The booming e-commerce industry is seen to propel the Philippine internet economy, projecting to grow 4 times more to $28 billion by 2025, a Google official told ANC's Market Edge on Friday.   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 »

Japan GDP grows most on record after COVID-induced recession

Reuters
Posted at Nov 16 09:47 AM

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 »

BSP not rushing to cut rates despite steep GDP contraction in third quarter

ABS-CBN News
Posted at Nov 12 12:45 PM

The Bangko Sentral ng Pilipinas said Thursday it is not going to rush new rate cuts despite the Philippine economy's worse than expected contraction in the third quarter. Read more »

Ekonomiya ng PH muling sumadsad dahil pa rin sa pandemya

ABS-CBN News
Posted at Nov 10 07:42 PM

Muling sumadsad ang ekonomiya nitong nakalipas na 3 buwan dahil pa rin sa COVID-19 pandemic. Read more »

Dissecting Data: PH economy sees second worst contraction on record in third quarter

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Nov 10 03:29 PM

The Philippines got hit by the second worst quarterly contraction in its economy on record in the third quarter. At 11.5 percent, the third quarter contraction was certainly slower than the second quarter’s 16.9 percent contraction, but it was still worse compared to most private sector expectations, as well as government projections.   Read more »

'Worst is over,' Palace says after economy shrinks in third quarter

ABS-CBN News
Posted at Nov 10 03:15 PM

Malacañang said Tuesday the worst was "over" after the Philippine economy shrank for the third straight quarter in July-September.  Read more »

Philippine economy shrinks 11.5 pct in third quarter, but 'worst is over' says NEDA

ABS-CBN News
Updated as of Nov 10 01:47 PM

The Philippine economy shrank 11.5 percent in the third quarter, marking the first time in 35 years that the country’s gross domestic product (GDP) contracted for three straight quarters, the state statistics bureau said on Tuesday.  Read more »

Philippines Q3 agricultural output up 0.7 pct year on year

Reuters
Posted at Nov 09 03:03 PM

Philippine agricultural output grew at an annual pace of 0.7 percent in the third quarter, slower than the year-ago rise of 2.3 percent, led by crops and fisheries subsectors, the statistics agency said on Monday. Read more »

Economy seen shrinking 8 to 9 pct this year, stimulus 'stingiest' more needed for growth: economist

ABS-CBN News
Posted at Nov 09 12:13 PM

An economist said Monday the Philippine economy is likely to contract 8 to 9 percent this year because of the impact of the pandemic, the measures implemented to contain the virus, as well as the insufficient government stimulus for the economy.  Read more »

Philippines Q2 GDP contraction revised to 16.9 pct, worse than initial estimate

Reuters
Posted at Nov 09 11:37 AM

The Philippine economy contracted 16.9 percent in the second quarter from a year earlier, worse than the preliminary estimate of a 16.5 percent decline, the statistics agency said on Monday. Read more »

German economy grows record 8.2 percent in third quarter

Reuters
Posted at Oct 30 06:22 PM

The German economy grew by a record 8.2 percent in the third quarter as Europe's largest economy partly recovered from its worst-ever recession caused by the COVID-19 pandemic, data from the Federal Statistics Office showed on Friday. Read more »