News Articles on {?keyword?} | ABS-CBN News

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 »

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 »

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 »

Philippine economy poised to recover in Q3 from 'rock bottom' Q2 figures: BSP

ABS-CBN News
Posted at Oct 23 11:04 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said the third quarter gross domestic product would be better than the "rock bottom" second quarter figures after the reopened economy showed "positive indicators."   Read more »

China vice premier says economy will very likely achieve positive growth this year

Reuters
Posted at Oct 21 04:07 PM

China's Vice Premier Liu He said on Wednesday the economy will very likely achieve positive growth this year, adding that China's prudent monetary policy should be kept appropriate and flexible, and liquidity reasonably ample. Read more »

China's economic recovery quickens in Q3 but misses forecasts

Gabriel Crossley and Kevin Yao, Reuters
Updated as of Oct 19 10:58 AM

China stepped up its economic recovery in the third quarter from the coronavirus shock but missed forecasts, pointing to continued challenges for one of the few drivers of global growth this year.   Read more »

World GDP to drop 4.4% in 2020, rise 5.2% 2021: IMF

Agence France-Presse
Posted at Oct 13 09:10 PM

Global growth will collapse 4.4 percent this year, less than previously expected, the IMF said Tuesday, though the outlook is beset by uncertainty amid the ongoing pandemic. Read more »

PH economy seen shrinking 7.7 percent this year as virus keeps spending at bay: Security Bank

ABS-CBN News
Posted at Sep 25 12:53 PM

The Philippine economy is seen shrinking 7.7 percent this year as "most Filipinos continue to stay at home, spend only on essentials, and refrain from purchasing non-essential items," Security Bank said on Friday.    Read more »

PH economy likely to see 'deeper decline' in 2020 before recovery next year: ADB

ABS-CBN News
Updated as of Sep 15 11:18 AM

The Philippine economy could see a "deeper decline" this year due to the COVID-19 pandemic before recovering in 2021, according to a new study by the Asian Development Bank. Read more »

Philippine economy 'unlikely' to worsen in 2021, says BSP Gov. Diokno

ABS-CBN News
Updated as of Sep 11 11:46 AM

The economy is "unlikely" to worsen in 2021, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Friday, as the recurrence of the total lockdowns in April and May due to COVID-19 is not expected. Read more »

Germany runs public deficit on virus spending, revenue fall

Agence France-Presse
Posted at Aug 25 05:12 PM

Germany, long adverse to being in the red, on Tuesday posted a public deficit of 51.6 billion euros for the first half of 2020, with coronavirus lockdowns undercutting government revenue as it increased spending. Read more »

Coronavirus pushes world's leading economies into record slumps

Agence France-Presse
Posted at Aug 17 05:09 PM

The coronavirus pandemic pushed most of the world's major economies into unprecedented contractions in the second quarter, except for China which escaped a recession. Read more »

Thailand's economy shrinks most in more than 20 years

Agence France-Presse
Posted at Aug 17 01:59 PM

Thailand's economy suffered its worst contraction since the Asian financial crisis more than two decades ago, data showed Monday, as the coronavirus shattered the country's crucial tourism industry.   Read more »

Tiger economy in 'coma': Economist explains recession impact on Filipinos

ABS-CBN News
Posted at Aug 07 05:15 PM

An economic contraction is a result of reduced business activities sincce lockdowns were imposed to stem the spread of COVID-19, an economics professor said Thursday, after the country nosedived into recession.   Read more »

PH faces 'life vs livelihood' dilemma in COVID-19 fight, economy 'collateral damage': DOF

ABS-CBN News
Updated as of Aug 07 05:52 PM

The economy has been an inevitable "collateral damage" in the country's COVID-19 fight, the Department of Finance said Friday, as the country nosedived into recession in the second quarter. Read more »

NEDA chief says modified ECQ to affect economic growth due to reduced activity

Jessica Fenol, ABS-CBN News
Posted at Aug 07 02:28 PM

The decision to place several areas back under modified enhanced community quarantine will have an impact on economic growth as industries allowed to reopen were reduced, Socioeconomic Planning Secretary Karl Kendrick Chua said Friday. Read more »

Q2 economic plunge 'cost' of prioritizing saving lives vs COVID-19: NEDA

Jessica Fenol, ABS-CBN News
Posted at Aug 07 01:28 PM

Acting Socioeconomic Planning Secretary Karl Chua said Friday the steep economic drop in the second quarter was unintended "cost" by imposing lockdowns to save lives from the COVID-19 pandemic.  Read more »

Philippines 'unlikely' to see ratings downgrade: BSP's Diokno

ABS-CBN News
Updated as of Aug 07 10:27 AM

The Philippines is unlikely to suffer from an investment rating downgrade despite the worse than expected 16.5 percent contraction in the second quarter economic growth due to the coronavirus pandemic, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Friday Read more »

Philippines falls into recession as second quarter GDP dives 16.5 percent

ABS-CBN News
Updated as of Aug 06 11:33 AM

The Philippine economy shrunk in the second quarter plunging into recession, the first time in nearly 30 years, following one of the longest and strictest lockdowns in the world to curb the spread of COVID-19. 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 »