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COVID shadow hovers over shrinking New Zealand economy

Agence France-Presse
Posted at Jun 16 11:41 AM

The New Zealand economy shrank in the first quarter, performing worse than the central bank and economists had forecast as the country suffered a surge in Covid-19 infections. Read more »

PH inflation quickens

Mark Demayo, ABS-CBN News
Posted at Jun 08 04:16 PM

Market goers purchase goods at Litex Market in Quezon City on Wednesday as some vegetable prices rose due to the oil price hike Read more »

PH to grow 5.7 pct in 2022 but risks linger: World Bank

Jessica Fenol, ABS-CBN News
Posted at Jun 08 12:30 PM

Despite the forecast growth being slower than the government's 7 to 8 percent target, the Philippines will still be one of the top performers in the region, the World Bank said. Read more »

Japan first-quarter GDP shrank as omicron wave hit

Agence France-Presse
Posted at May 18 09:06 AM

Japan's economy shrank 0.2 percent in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions forced by an omicron surge and the effect of higher prices. Read more »

Economic growth target 'doable': NEDA's Chua

ABS-CBN News
Posted at May 16 12:33 PM

The Philippine economy is seeing one of the world's fastest recovery from the impact of the pandemic but the next government should remain prudent to keep the current gains, Socioeconomic Planning Secretary Karl Chua said Monday. Read more »

PH economy expands 8.3 pct in first quarter of 2022

ABS-CBN News
Updated as of May 12 08:41 PM

The Philippine economy continued to expand at a fast pace in the first three months of the year, the state statistics bureau said Thursday. Read more »

China economy grows 4.8 pct in first quarter as virus bites

Beiyi Seow, Agence France-Presse
Updated as of Apr 18 11:34 AM

China's economy grew 4.8 percent in the first quarter, official data showed Monday, as a resurgence of the coronavirus drags on economic activity and threatens Beijing's ambitious annual target. Read more »

Statistics bureau revises 2021 PH growth to 5.7 percent

ABS-CBN News
Posted at Apr 07 02:04 PM

The Philippine economy grew 5.7 percent in 2021, slightly faster than the 5.6 percent growth earlier announced, the state statistics bureau said on Thursday. Read more »

Philippine economy seen to grow by 6 pct in 2022: ADB

ABS-CBN News
Posted at Apr 06 09:03 AM

The Philippine economic growth is seen to gain pace in the next few years due to rising domestic investment and consumption, among others, the Asian Development Bank said Wednesday. Read more »

THE DAY IN PHOTOS: January 27, 2022

ABS-CBN News
Posted at Jan 27 11:58 PM

Here are the day's top stories in photos. Read more »

PH economic growth exceeds target in 2021

Mark Demayo, ABS-CBN News
Posted at Jan 27 05:36 PM

Construction work is underway for a commercial establishment in Quezon City on Thursday Read more »

PH economy grows 5.6 percent in 2021, beats forecasts

ABS-CBN News
Updated as of Jan 27 07:40 PM

Philippine GDP grew faster than expected 5.6 percent in 2021 as looser COVID-19 restrictions pushed recovery, with growth at 7.7 percent in the fourth quarter. Read more »

PH 2021 third quarter GDP growth lowered to 6.9 pct

ABS-CBN News
Posted at Jan 26 02:49 PM

The Philippines’ third quarter gross domestic product growth was revised downward to 6.9 percent from the preliminary estimate of 7.1 percent. Read more »

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 »