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Philippine economy likely to expand by 5.5 percent in 2023, says Fitch

ABS-CBN News
Posted at Mar 08 10:18 AM

The Philippine economy is expected to stay resilient this year, Fitch Ratings Director For Asia Pacific Banks Tamma Febrian said. Read more »

PH economy may 'slip' below target in 2023: ING Bank

Jessica Fenol, ABS-CBN News
Updated as of Feb 09 01:03 PM

The Philippine economy is expected to grow by 5 percent in 2023, lower than the government target and the pent up demand-driven expansion last year due to existing headwinds and as consumers refocus on building their savings, ING Bank Manila said on Thursday. Read more »

'Worst is over': Medalla says inflation may revert within target by Q3

Jessica Fenol, ABS-CBN News
Posted at Jan 12 11:01 AM

BSP Governor Medalla said the worst could be over for inflation as signs of depreciation are observed. Read more »

PH economy can exceed gov't target in 2022: NEDA

Jekki Pascual, ABS-CBN News
Updated as of Dec 19 04:16 PM

The Philippine economy can exceed the government's 6.5 to 7.5 percent target range this year, Socioeconomic Planning Secretary Arsenio Balisacan said. Read more »

PH somewhat 'insulated' from global recession risks: Manulife

Jessica Fenol, ABS-CBN News
Posted at Dec 19 02:29 PM

The Philippines is somewhat insulated from a looming global recession due to its domestic-driven economy, Manulife's Sug Trinh said. Read more »

ADB raises growth forecast for Philippines but lowers outlook for developing Asia

Jessica Fenol, ABS-CBN News
Updated as of Dec 14 10:24 AM

The Asian Development Bank on Wednesday said it has lowered the outlook for developing Asia due to lingering risks while the forecasts for the Philippines and Southeast Asia were raised due to the "surprisingly robust" performance of select countries. Read more »

World Bank: PH economy to grow 7.2 percent in 2022

ABS-CBN News
Posted at Dec 06 03:12 PM

The Philippine economy could expand by 7.2 percent in 2022 before slowing down next year, driven by pent-up demand and the strong performance in the first 3 quarters. Read more »

Higher govt revenues seen in 2022

ABS-CBN News
Posted at Dec 05 03:32 PM

Higher government revenues were attributed to improved tax collection and digitalization efforts of collection agencies, the DBCC said in a statement Read more »

Philippine economy still 'resilient', says BSP

ABS-CBN News
Posted at Dec 01 02:20 PM

The Bangko Sentral ng Pilipinas on Thursday reassured the public that the country's economy remains "resilient" following 3 quarters of expansions for 2022. Read more »

Inflation may push BSP to raise rate 5.50 pct by yearend: Fitch Solutions

ABS-CBN News
Posted at Nov 21 12:15 PM

The Bangko Sentral ng Pilipinas may raise the benchmark interest rate to 5.50 percent due to persistent inflation, Fitch Solutions said. Read more »

PH second quarter GDP growth revised higher to 7.5 pct

ABS-CBN News
Posted at Nov 09 12:22 PM

The Philippines' second quarter GDP growth was revised upward to 7.5 percent from 7.4 percent, the state statistics bureau said on Wednesday. Read more »

Strong rebound to usher 6.5 pct economic growth: ADB

ABS-CBN News
Posted at Sep 21 10:49 AM

Strong rebound from the pandemic will support the Philippine economy's projected growth of 6.5 percent in 2022, the ADB said. Read more »

China growth slumps to 0.4 percent in second quarter

Beiyi Seow, Agence France-Presse
Posted at Jul 15 11:27 AM

China's economy grew just 0.4 percent in the second quarter, a two-year low, official data showed Friday, with Covid lockdowns and an embattled property market nudging a government target further out of reach. 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 »