News

World Bank trims PH growth forecast for 2018

ABS-CBN News
Updated as of Oct 04 03:46 PM

Gross domestic product is poised to grow by 6.5 percent this year, from the initial 6.7-percent forecast, the World Bank said in a statement. It kept the 2019 and 2020 forecasts at 6.7 percent and 6.6 percent, respectively. Read more »

Inflation a 'prominent challenge' to Philippines, Moody's says

ABS-CBN News
Updated as of Sep 07 11:09 AM

With inflation reducing power, coupled with faster than expected interest rate increases, the Philippines will likely "fall far short" of Moody's 6.8-percent economic growth forecast for 2018. Read more »

Economic growth slows on drag from Boracay closure, policy steps

ABS-CBN News
Updated as of Aug 09 07:13 PM

Gross domestic product grew 6 percent in the second quarter, from 6.8 percent in the previous quarter, snapping 10 straight quarters of at least 6.5 percent growth. Economists polled by Reuters predicted a 6.7-percent expansion. Read more »

GDP growth in first quarter revised to 6.6 percent

ABS-CBN News
Updated as of Aug 08 02:53 PM

The Philippine economy grew 6.6 percent in the first quarter, not 6.8 percent as earlier reported in May, as the state statistics agency reviewed growth figures for the period.  Read more »

World Bank keeps PH growth forecast for 2018, 2019

ABS-CBN News
Posted at Jul 13 03:14 PM

Gross domestic product may grow by up to 6.7 percent in 2018 and 2019, with election-related spending expected to aid the expansion towards the end of the year and early next year, the World Bank said. Read more »

Economy on 'quality, sustainable' growth path, officials say

ABS-CBN News
Updated as of Jul 06 11:15 AM

The 6.8-percent expansion in the gross domestic product in the second quarter is second only to India and Vietnam and at par with China. Read more »

Economic managers in Japan for investment roadshow

ABS-CBN News
Posted at Jun 18 10:34 AM

An economic briefing is scheduled in the Japanese capital on Monday. Filipino officials will also pitch the Philippines planned samurai or yen-denominated bonds, officials said. Read more »

Ekonomiya lumago sa unang 3 buwan ng 2018

ABS-CBN News
Updated as of May 12 02:11 AM

Mula Enero hanggang Marso ng 2018, lumago ang ekomoniya ng 6.8 porsiyento, gaya ng inaasahan ng ilang economic analyst. Read more »

Economic growth meets forecasts; gov't flags inflation 'spoiler'

ABS-CBN News
Updated as of May 10 04:08 PM

The economy grew 6.8 percent in the first 3 months of the year, meeting analysts' expectations, but at the same time reflecting faster inflation that slowed consumer spending. Read more »

Nomura, Moody's see Philippine growth pick-up in 2018

ABS-CBN News
Posted at Jan 26 12:01 PM

The Philippine economy could grow at a faster 6.9 percent this year, as tax reform spurs consumption and as the government builds new infrastructure, an economist said. Read more »

Duterte 'political will' helps economy sustain growth clip: Pernia

ABS-CBN News
Posted at Jan 24 09:57 AM

President Rodrigo Duterte's "political will" gets projects moving faster, helping the economy sustain growth that is among the fastest in Asia, one of his economic managers said Wednesday. Read more »

Espenilla: 'Strong' economic growth gives BSP 'ample policy space'

ABS-CBN News
Posted at Jan 23 12:15 PM

Economic growth in the fourth quarter was "strong," giving the Bangko Sentral ng Pilipinas "ample policy space," Governor Nestor Espenilla said Tuesday. Read more »

Tax reform to lift household consumption in Q1, Pernia says

ABS-CBN News
Updated as of Jan 23 11:49 AM

Higher disposable incomes for salaried workers due to tax reform will lift household consumption in the first quarter, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday. Read more »

PH economy keeps Asia lead with 'solid' 2017 growth

ABS-CBN News
Updated as of Jan 23 02:06 PM

Philippine economic growth narrowly missed forecasts in the last three months of 2017, while keeping its pace as among the fastest-growing in Asia. Read more »

Economic growth in 3Q revised upwards to 7 pct

ABS-CBN News
Posted at Jan 19 04:49 PM

The government on Friday revised gross domestic product growth in the third quarter of last year higher to 7 percent, from the previously announced 6.9 percent. Read more »

2018 economic outlook: How PH can sustain momentum

Cathy Yang, Edson Guido, Bruce Rodriguez and Warren de Guzman, ABS-CBN News
Posted at Jan 03 08:27 AM

The growth momentum of the Philippine economy in 2018 rests on the government's capacity to implement twin initiatives to reform the tax system and rebuild the country's infrastructure, an economic manager said. Read more »

'Hot' economy unlikely to overheat: BSP Governor

ABS-CBN News
Posted at Dec 06 04:41 PM

Bangko Sentral ng Pilipinas Governor Nestor Espenilla allayed fears that the economy might overheat, likening it to a well-kept race car engine.   Read more »

Economy may grow close to 7 percent: BDO Capital

ABS-CBN News
Posted at Nov 17 09:32 AM

The economy can grow close to 7 percent after the surprisingly strong expansion in the third quarter, a fund manager said Friday. Read more »

Christmas demand to boost consumer spending: gov't

ABS-CBN News
Updated as of Nov 16 11:36 AM

Consumer spending will pick up in the fourth quarter, driven by holiday demand, even as growth in household spending slowed in the July to September period, Socioeconomic Planning Secretary Ernesto Pernia said Thursday. Read more »

Economy sizzles in forecast-beating Q3 growth

ABS-CBN News and Reuters
Updated as of Nov 16 04:08 PM

The economy grew 6.9 percent in the July to September period, beating expectations and accelerating from the previous quarter, official data released Thursday showed. Read more »