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China's Q1 GDP grows at record 18.3 percent year-on-year as recovery speeds up

Reuters
Posted at Apr 16 10:38 AM

China's economy grew at a record pace in the first quarter, official data showed on Friday, expanding 18.3 percent from a year earlier as the recovery from the coronavirus slump accelerated. Read more »

Philippines lowers 2020 economic growth rate to -9.6 percent

ABS-CBN News
Updated as of Apr 08 04:09 PM

The Philippine economy contracted by 9.6 percent instead of 9.5 percent in 2020, according to the revised estimates released by the Philippine Statistics Authority on Thursday. Read more »

Dominguez: PH needs ‘more years’ to fully recover losses from pandemic

Bruce Rodriguez, ABS-CBN News
Posted at Feb 26 07:33 PM

Finance Secretary Carlos Dominguez III said the local economy will need "more years" to go back to its pre-pandemic levels as the country continues to stagger from the impacts of COVID-19. Read more »

UK economy shows signs of stabilization after new lockdown hit

William Schomberg and David Milliken, Reuters
Posted at Feb 19 09:47 PM

Britain’s economy has stabilized after a new COVID-19 lockdown last month hit retailers, and business and consumers are hopeful the country’s vaccination campaign will spur a recovery, data showed on Friday. Read more »

Philippines 'last' among countries in economic recovery, trade chief says

John Gabriel Agcaoili, ABS-CBN News
Updated as of Feb 16 11:46 PM

Among all economies, the Philippines is placing last in terms of resurgence from the deadly outbreak, Trade Sec. Ramon Lopez stressed, citing the country's negative growth rate of its gross domestic product (GDP). Read more »

UK economy suffers record 9.9 pct slump in 2020

Reuters
Posted at Feb 12 04:56 PM

Britain's coronavirus-ravaged economy shrank 9.9 percent in 2020, the biggest annual fall in output since modern records began, but avoided heading back towards recession in the final quarter of the year, official figures showed on Friday. Read more »

Britain's economy to reach pre-COVID-19 levels within two years - Reuters poll

Jonathan Cable, Reuters
Posted at Feb 12 10:07 AM

Britain’s economy will narrowly dodge a double-dip recession and will have returned to pre-COVID-19 levels within two years, according to economists in a Reuters poll who said the Bank of England was unlikely to take borrowing costs negative. Read more »

Inflation slowing down, BSP likely to cut rates anew by 25 bps: economist

ABS-CBN News
Posted at Feb 02 04:48 PM

The Bangko Sentral will likely its policy rate again by at least 25 basis points to help the national government's infrastructure program and boost the economy amid the continuing impact of the pandemic, an economist said Tuesday.   Read more »

Positive growth for Philippines by Q2, off to 'slow start' in 2021: NEDA chief

Bruce Rodriguez, ABS-CBN News
Posted at Jan 29 07:15 PM

The Philippine economy is off to a "slow start" in 2021 and will only see positive year-on-year growth by the second quarter of the year, the country's acting socioeconomic planning official said on Friday. Read more »

Bangko Sentral sees quicker inflation in January as food prices spike

ABS-CBN News
Posted at Jan 29 04:09 PM

 The Bangko Sentral ng Pilipinas on Friday said inflation was likely to hit 3.7 percent this January, settling within the 3.3 percent to 4.1 percent range.   Read more »

Ekonomiya sumadsad sa pinakamababang antas simula World War 2

ABS-CBN News
Updated as of Jan 28 10:30 PM

Pinadapa ng pandemya ang ekonomiya ng Pilipinas noong 2020, ang pinakamalala na mula noong 1947 o pagkatapos ng World War 2. Read more »

Economy seen held back by ‘excessive risk aversion' as PH posts worst contraction

ABS-CBN News
Posted at Jan 28 05:31 PM

After the Philippine economy posted its worst post-war contraction, economic managers on Thursday said the economy had been weighed down by lockdowns and that “prolonging the status quo of community quarantine and risk aversion is not an option.” Read more »

PH GDP seen to grow 3 percent in 2021, 'best case' at 4 percent

ABS-CBN News
Posted at Jan 28 01:17 PM

An economist is forecasting a 3-percent growth in the country's gross domestic product (GDP) this year, and a best-case scenario at 4 percent, which would depend on the pace of COVID-19 vaccine rollout and government spending on infrastructure and agriculture. Read more »

PH agricultural output down 3.8 pct in Q4, down 1.2 pct in 2020

Nika Lazo, ABS-CBN News
Updated as of Jan 27 05:58 PM

Philippine agricultural output fell in the fourth quarter of 2020, with farm output down 3.8 percent from the 0.1 percent dip in the same quarter a year ago. Read more »

PH recovery can outpace Asia Pacific with smooth vaccine rollout

ABS-CBN News
Posted at Jan 26 02:46 PM

The Philippine economy can outpace the growth of the Asia-Pacific economy on a best-case scenario should the country carry out a seamless rollout of COVID-19 vaccines and steady loosening of quarantine restrictions. Read more »

PH companies seen rebounding in 2021 as firms revisit pre-COVID 'capex cycles'

ABS-CBN News
Posted at Jan 25 02:23 PM

Corporate earnings and spending are seen to rebound this year near pre-coronavirus levels as local firms go back to their "capital expenditure cycles" and planned expansions delayed by the pandemic. Read more »

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 »

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 »

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 »