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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 »

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 »

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 »

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 »

PH economy exceeds target, grows 7.6 percent in 2022

ABS-CBN News
Updated as of Jan 26 03:53 PM

The 7.6 percent GDP growth for the year exceeded the 6.5 to 7.5 percent target set by economic managers and the median analyst forecast of 6.8 percent. Read more »

Philippine economic growth likely hit target of 7.5 percent in 2022: economist

ABS-CBN News
Posted at Jan 25 11:33 AM

The Philippine economic growth could have reached the target of 7.5 percent in 2022, with the fourth quarter growth pegged at 6.8 percent, according to Security Bank AVP and Chief Economist Dan Roces. Read more »

China's 2022 growth seen as its lowest in 40 years

Sébastien Ricci with Luna Lina, gence France-Presse
Posted at Jan 16 09:09 AM

China's economic growth for 2022 is expected to have been among its weakest in 4 decades, analysts said. Read more »

'Worst is over': Medalla says inflation may revert within target by Q3

Jessica Fenol, ABS-CBN News
Posted at Jan 12 11:01 AM

BSP Governor Medalla said the worst could be over for inflation as signs of depreciation are observed. Read more »

Philippine economy seen to grow by 5.5 pct in 2023

ABS-CBN News
Posted at Jan 11 11:07 AM

The Philippine economy is seen to grow by 5.5 percent this year as laggard industries during the pandemic continue to pick up, an economist said. Read more »

PH economy can exceed gov't target in 2022: NEDA

Jekki Pascual, ABS-CBN News
Updated as of Dec 19 04:16 PM

The Philippine economy can exceed the government's 6.5 to 7.5 percent target range this year, Socioeconomic Planning Secretary Arsenio Balisacan said. Read more »

PH somewhat 'insulated' from global recession risks: Manulife

Jessica Fenol, ABS-CBN News
Posted at Dec 19 02:29 PM

The Philippines is somewhat insulated from a looming global recession due to its domestic-driven economy, Manulife's Sug Trinh said. Read more »

ADB raises growth forecast for Philippines but lowers outlook for developing Asia

Jessica Fenol, ABS-CBN News
Updated as of Dec 14 10:24 AM

The Asian Development Bank on Wednesday said it has lowered the outlook for developing Asia due to lingering risks while the forecasts for the Philippines and Southeast Asia were raised due to the "surprisingly robust" performance of select countries. Read more »

Britain's GDP grows 0.5 percent in October: statistics office

Agence France-Presse
Posted at Dec 12 04:14 PM

Britain's economy grew 0.5 percent in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral. Read more »

World Bank: PH economy to grow 7.2 percent in 2022

ABS-CBN News
Posted at Dec 06 03:12 PM

The Philippine economy could expand by 7.2 percent in 2022 before slowing down next year, driven by pent-up demand and the strong performance in the first 3 quarters. Read more »

Higher govt revenues seen in 2022

ABS-CBN News
Posted at Dec 05 03:32 PM

Higher government revenues were attributed to improved tax collection and digitalization efforts of collection agencies, the DBCC said in a statement Read more »

Philippine economy still 'resilient', says BSP

ABS-CBN News
Posted at Dec 01 02:20 PM

The Bangko Sentral ng Pilipinas on Thursday reassured the public that the country's economy remains "resilient" following 3 quarters of expansions for 2022. Read more »

Inflation may push BSP to raise rate 5.50 pct by yearend: Fitch Solutions

ABS-CBN News
Posted at Nov 21 12:15 PM

The Bangko Sentral ng Pilipinas may raise the benchmark interest rate to 5.50 percent due to persistent inflation, Fitch Solutions said. Read more »