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IMF trims 2021 GDP forecast, citing 'vaccine divide,' inflation

Andrea Shalal, Reuters
Posted at Oct 06 08:28 AM

The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 percent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic.rv Read more »

Philippines urged to sign RCEP regional trade treaty

Bruce Rodriguez, ABS-CBN News
Posted at Sep 22 08:19 PM

The Philippines should quickly ratify the RCEP free trade deal as it may lose out on its economic benefits, several experts said on Wednesday. Read more »

ADB keeps Philippine growth outlook for 2021

Jessica Fenol and Warren De Guzman, ABS-CBN News
Updated as of Sep 22 04:05 PM

The Asian Development Bank on Wednesday kept its growth outlook for the Philippine economy for 2021 while downgrading the forecasts for Southeast Asia and the rest of developing Asia. Read more »

Local developer sees Davao keeping fast growth

Bruce Rodriguez, ABS-CBN News
Posted at Aug 18 07:23 PM

A local developer said Davao region's growth is poised to continue outpacing the national average. Read more »

Japan's economy grew 0.3 percent in Q2

Agence France-Presse
Posted at Aug 16 08:47 AM

Japan's economy grew 0.3 percent in the three months to June, slightly more than expected despite a surge in virus cases and new restrictions, data showed Monday. Read more »

Singapore lifts GDP forecast as export markets get vaccine boost

Agence France-Presse
Posted at Aug 11 01:54 PM

Singapore on Wednesday upgraded its growth forecast for this year as the trade-reliant economy's key export markets pick up strength thanks to rapid coronavirus vaccine rollouts. Read more »

Palace warned against taking credit for GDP growth

RG Cruz, ABS-CBN News
Posted at Aug 10 11:44 PM

MANILA - Gabriela Party-list Rep. Arlene Brosas warned the Duterte administration against claiming credit for the 11.8 percent growth in the country’s gross domestic product in the second quarter of 2021, saying it had nothing to do with the government’s efforts. Read more »

PH economy emerges from recession

ABS-CBN News
Posted at Aug 10 10:40 PM

The Philippines emerges from a pandemic-induced recession after posting a nearly 12 percent GDP growth in the second quarter of the year. Read more »

Ekonomiya nakabawi na ba sa hagupit ng pandemya?

ABS-CBN News
Posted at Aug 10 08:55 PM

Umaasa ang lahat na hanggang 2 linggo lang ang itatagal ng lockdown at nang muling sumigla ang ekonomiya. Read more »

PH recession ends with growth spike, but full recovery far off

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Aug 10 04:50 PM

Economic growth in the Philippines spiked to 11.8 percent in the second quarter of 2021, in spite of a return to tighter quarantine restrictions amid the worst spike in COVID-19 cases yet in the country. Read more »

Philippine economy grows 11.8 percent in Q2

ABS-CBN News
Updated as of Aug 10 03:14 PM

The Philippine economy emerged from recession after its gross domestic product grew by 11.8 percent in the second quarter, the state statistics bureau said Monday. Read more »

PH shares rally after revision of PH's Q1 GDP print

ABS-CBN News
Posted at Aug 09 10:28 PM

Philippine shares broke a two-day losing streak as investors cheer an upward revision in the country's first quarter GDP print. Read more »

Indonesian economy grows for first time in 5 quarters

Agence France-Presse
Posted at Aug 09 08:20 AM

Indonesia's economy bounced back in the second quarter to post its first growth in more than a year, but analysts warned the recovery might be short-lived as Covid-19 surges. Read more »

ADB lowers growth outlook for developing Asia due to 'renewed' COVID-19 outbreaks

ABS-CBN News
Updated as of Jul 20 01:56 PM

The Asian Development Bank on Tuesday lowered its economic forecast for developing Asia due to the "renewed" COVID-19 outbreaks and sluggish recovery in several nations.    Read more »

New Delta variant threatens 4.8 pct GDP growth forecast for PH: Moody's Analytics

ABS-CBN News
Updated as of Jul 20 11:42 AM

Moody's Analytics is keeping its economic growth forecast for the Philippines but it warned of potential downward risk due to the new Delta COVID-19 variant, its economist said Tuesday.  Read more »

PNoy ushered Philippine economy to investment grade rating: PSE

ABS-CBN News
Posted at Jun 24 05:25 PM

Former President Benigno Aquino III ushered the Philippine economy to investment-grade status through his good governance, the Philippine Stock Exchange said Thursday.  Read more »

LIST: How the Philippine economy performed under former president Benigno Aquino III

ABS-CBN News
Updated as of Jun 24 02:51 PM

Former president Benigno Aquino III stirred the Philippine economy to consistent and stable growth during his 6-year tenure from 2010 to 2016.  Read more »

World Bank downgrades Philippine economic forecast to 4.7 percent for 2021

ABS-CBN News
Updated as of Jun 08 02:15 PM

The World Bank on Tuesday downgraded its Philippine economic forecast citing the resurgence in COVID-19 cases and reimposition of restrictions that could affect recovery this year.  Read more »

OECD sees higher world GDP growth but fears 'headwinds'

Eve Szeftel, Agence France-Presse
Posted at May 31 06:03 PM

The world economy will expand by 5.8 percent this year, up from a previous estimate of 5.6 percent, the Paris-based Organization for Economic Co-operation and Development said in a report. Read more »

France fell into recession in Q1, revised GDP data shows

Reuters
Posted at May 28 03:26 PM

France, the euro zone's second biggest economy, fell into recession in the first quarter of 2021 with a 0.1 percent contraction, revised official data showed on Friday.   Read more »