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Economy could 'begin growing again' in Q2: Finance chief

ABS-CBN News
Posted at May 28 09:35 AM

The Philippine economy could start growing again in the second quarter of 2021 due to the mass vaccination program and a reduction in COVID-19 cases, Finance Secretary Carlos Dominguez said.  Read more »

Unang beses mula 1980s: Ekonomiya 15 buwan nang bagsak

ABS-CBN News
Posted at May 11 08:04 PM

Dahil sa pandemya, limang sunod-sunod na quarter ang pagbagsak ng ekonomiya, na huling nangyari noong 1980s.  Read more »

PH economy shrinks 4.2 percent in 1st quarter but signs of recovery emerge

ABS-CBN News
Updated as of May 11 01:26 PM

The Philippine economy remained in recession, with gross domestic product contracting 4.2 percent in the first quarter, the Philippine Statistics Authority said Tuesday. Read more »

IMF says PH economy could grow by 6.9 percent but warns of COVID-19 risks

ABS-CBN News
Posted at Apr 29 12:17 PM

MANILA - The International Monetary Fund has upgraded its Philippine economic growth forecast this year to 6.9 percent from 6.6 percent but warned of downside risks due to uncertainties brought by the pandemic.  Read more »

Philippine economy seen to grow by 4.5 percent 'or higher' in 2021: ADB

Jessica Fenol, ABS-CBN News
Updated as of Apr 28 11:37 AM

The Philippine economy is foreseen to grow by 4.5 percent this year and 5.5 percent in 2022, according to an Asian Development Bank report released Wednesday. Read more »

Developing Asia to recover strongly, but COVID-19 risks remain: ADB

Karen Lema, Reuters
Posted at Apr 28 08:45 AM

Developing Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday, underpinned by expectations of a solid global recovery and progress on vaccines. Read more »

PH economy has time to grow up to 7.5 pct this year despite lockdowns: NEDA

Jessica Fenol, ABS-CBN News
Posted at Apr 26 12:54 PM

Socioeconomic Planning Secretary Karl Chua said it’s too early to change the forecast as the country still has 8 more months to catch up on growth.  Read more »

Recent COVID-19 restrictions likely to 'exert impact' on economy in Q1: BSP chief

ABS-CBN News
Posted at Apr 22 05:22 PM

The recent imposition of tighter COVID-19 restrictions in the NCR Plus bubble will likely have an effect on the economic performance in the first quarter of 2021, Bangko Sentral ng Pilipinas Governor Banjamin Diokno said Thursday.  Read more »

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 »