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S. Korea, Taiwan seen to top Japan in GDP per capita in 2027, 2028

Kyodo News
Posted at Jan 16 12:00 PM

Japan's gross domestic product per capita will fall behind that of South Korea in 2027 and Taiwan in 2028, according to a recent projection by a Tokyo-based research institute. Read more »

Alert Level 3 in NCR seen to have 'minor' effect on economy

Jessica Fenol and Raine Musngi, ABS-CBN News
Updated as of Jan 04 12:22 PM

The recent reimposition of the stricter COVID-19 Alert Level 3 in Metro Manila could have 'minor' impact on the economy even as the DTI is estimating a P200 million loss, an economist said Tuesday. Read more »

Singapore economy rebounds from recession

Agence France-Presse
Posted at Jan 03 10:39 AM

Singapore's economy grew 7.2 percent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday. Read more »

World Bank raises PH growth forecast to 5.3 percent

ABS-CBN News
Posted at Dec 07 04:38 PM

The multilateral lender also expects the Philippines’ gross domestic product to expand by an average of 5.8 percent in 2022 and 2023. Read more »

5 to 6 pct economic growth target 'attainable': BSP

ABS-CBN News
Posted at Nov 15 09:24 AM

A gross domestic product growth of 5 to 6 percent seems attainable this year, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said over the weekend, after the economy grew 7.1 percent in the third quarter. Read more »

Japan's economy contracts for first time in 2 quarters

Reuters
Posted at Nov 15 09:06 AM

Japan's economy contracted at an annualized rate of 3.0 percent in July-September from the previous quarter, government data showed on Monday, posting the first decline in two quarters as resurgent coronavirus infections hurt consumer spending. Read more »

PH economy could grow 6.8 pct in 2022: Fitch Ratings

ABS-CBN News
Posted at Nov 11 10:52 AM

Following a 7.1 percent growth in the third quarter, the Philippine economy's fourth quarter growth could also be better than expected, Fitch Ratings director of APAC Sovereigns Sagarika Chandra told ANC Thursday. Read more »

Philippine GDP grows 7.1 percent in third quarter

ABS-CBN News
Updated as of Nov 09 03:26 PM

The Philippine economy continued to recover from the impact of the COVID-19 pandemic as gross domestic product expanded 7.1 percent in the third quarter, the state statistics bureau said Tuesday. Read more »

Q2 GDP growth raised to 12 percent

ABS-CBN News
Updated as of Nov 08 08:26 PM

The Philippines revised upwards its second quarter gross domestic product growth rate to 12 percent from a preliminary estimate of 11.8 percent. Read more »

Economy to gain P3.6B per week if NCR eases to Alert Level 2: NEDA

Bruce Rodriguez, ABS-CBN News
Posted at Oct 28 06:17 PM

The economy could regain billions of pesos and thousands of jobs per week if Metro Manila and other areas are placed under the more relaxed Alert Level 2 restriction, Socioeconomic Planning Secretary Karl Kendrick Chua said Thursday. Read more »

IMF trims 2021 GDP forecast, citing 'vaccine divide,' inflation

Andrea Shalal, Reuters
Posted at Oct 06 08:28 AM

The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 percent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic.rv Read more »

Philippines urged to sign RCEP regional trade treaty

Bruce Rodriguez, ABS-CBN News
Posted at Sep 22 08:19 PM

The Philippines should quickly ratify the RCEP free trade deal as it may lose out on its economic benefits, several experts said on Wednesday. Read more »

ADB keeps Philippine growth outlook for 2021

Jessica Fenol and Warren De Guzman, ABS-CBN News
Updated as of Sep 22 04:05 PM

The Asian Development Bank on Wednesday kept its growth outlook for the Philippine economy for 2021 while downgrading the forecasts for Southeast Asia and the rest of developing Asia. 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 »

Japan's economy grew 0.3 percent in Q2

Agence France-Presse
Posted at Aug 16 08:47 AM

Japan's economy grew 0.3 percent in the three months to June, slightly more than expected despite a surge in virus cases and new restrictions, data showed Monday. Read more »

Singapore lifts GDP forecast as export markets get vaccine boost

Agence France-Presse
Posted at Aug 11 01:54 PM

Singapore on Wednesday upgraded its growth forecast for this year as the trade-reliant economy's key export markets pick up strength thanks to rapid coronavirus vaccine rollouts. Read more »

Palace warned against taking credit for GDP growth

RG Cruz, ABS-CBN News
Posted at Aug 10 11:44 PM

MANILA - Gabriela Party-list Rep. Arlene Brosas warned the Duterte administration against claiming credit for the 11.8 percent growth in the country’s gross domestic product in the second quarter of 2021, saying it had nothing to do with the government’s efforts. Read more »

PH economy emerges from recession

ABS-CBN News
Posted at Aug 10 10:40 PM

The Philippines emerges from a pandemic-induced recession after posting a nearly 12 percent GDP growth in the second quarter of the year. Read more »

Ekonomiya nakabawi na ba sa hagupit ng pandemya?

ABS-CBN News
Posted at Aug 10 08:55 PM

Umaasa ang lahat na hanggang 2 linggo lang ang itatagal ng lockdown at nang muling sumigla ang ekonomiya. Read more »

PH recession ends with growth spike, but full recovery far off

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Aug 10 04:50 PM

Economic growth in the Philippines spiked to 11.8 percent in the second quarter of 2021, in spite of a return to tighter quarantine restrictions amid the worst spike in COVID-19 cases yet in the country. Read more »