growth | ABS-CBN News

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 »

[OPINION] Household spending and the truth behind GDP

Dean dela Paz
Posted at Dec 01 02:59 AM

This is what is meant by non-inclusive growth where the majority are essentially alienated from glowing productivity metrics. Read more »

Bank lending grows 13.9 percent in October: BSP

ABS-CBN News
Posted at Nov 30 02:21 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase placement with the BSP grew by 13.9 percent in October. Read more »

4 signs your child lacks vitamin D

Growee
Posted at Nov 23 12:45 PM

Help your kids grow tall and get strong, healthy bones with 100% Vitamin D (based on RENI). Read more »

Global growth to slow amid 'persistent' high inflation: OECD

Agence France-Presse
Posted at Nov 22 06:39 PM

World growth is set to slide from 3.1 percent this year to 2.2 percent next year due to high inflation, before rebounding slightly to 2.7 percent in 2024, the OECD said Tuesday. 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 economy seen to grow faster in 2022 before waning next year: Fitch Solutions

ABS-CBN News
Posted at Nov 11 12:25 PM

Fitch Solutions on Friday said it raised its Philippine economic growth forecast for 2022 due to the faster-than-anticipated third-quarter output. Read more »

PSEi ends lower amid good PH economic growth

ABS-CBN News
Posted at Nov 10 11:26 PM

The PSE index still ended Thursday's session lower despite better-than-expected Philippine economic growth in the third quarter. Read more »

Philippine GDP grows 7.6 percent in third quarter

ABS-CBN News
Updated as of Nov 24 02:06 PM

GDP grew 7.6 percent in the third quarter, faster than the revised 7.5 percent expansion in the second quarter and the 8.2 percent in Q1. 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 »

Consumers borrow despite higher interest rate to fight off inflation

Warren De Guzman, ABS-CBN News
Posted at Nov 02 04:03 PM

Filipino consumers continue to turn to personal loans and credit cards amid surging inflation despite the recent hikes in interest rates, analysts have said Wednesday. Read more »

IMF cuts 2023 global growth, warns major economies to stall

Beiyi Seow, Agence France-Presse
Updated as of Oct 12 11:45 AM

The IMF has also cut forecasts for the world's two biggest economies, the United States and China. Read more »

NZ hikes interest rates to seven-year high

Agence France-Presse
Posted at Oct 05 03:11 PM

New Zealand's central bank on Wednesday delivered its eighth consecutive interest rate hike as it battles inflation. Read more »

UK economy grows in 2nd quarter, easing recession fears

Agence France-Presse
Posted at Sep 30 03:45 PM

Britain's economy grew in the second quarter, easing recession fears amid ongoing turmoil over the government's tax-slashing budget. Read more »

Karding unlikely to cut economic growth for 2022: Balisacan

ABS-CBN News
Updated as of Sep 27 02:33 PM

The country's economic growth target for the year remains achievable despite the damage caused by Super Typhoon Karding, Socioeconomic Planning Secretary Arsenio Balisacan said Tuesday. Read more »

IMF cuts Philippine growth forecast as rates rise

Warren de Guzman, ABS-CBN News
Posted at Sep 26 06:28 PM

The International Monetary Fund has reduced its growth outlook for the Philippines to 6.5 percent, from 6.7 percent. 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 »

ADB cuts 'developing Asia' growth forecast as China lockdowns bite

Agence France-Presse
Updated as of Sep 21 09:25 AM

The Asian Development Bank on Wednesday cut its 2022 growth forecast for developing Asia, with crippling Covid-19 lockdowns in China, conflict in Ukraine and efforts to combat inflation dragging on the region. Read more »

Moody's affirms Philippines Baa2 ratings with 'stable' outlook

Jessica Fenol, ABS-CBN News
Updated as of Sep 19 10:45 AM

Moody's Investor Service has affirmed the Philippines Baa2 ratings with a stable outlook citing its capacity to meet external debt payments, policy continuation and strong recovery from the COVID-19 pandemic. Read more »

CEOs confident of revenue growth; seek transparency from new admin

ABS-CBN News
Updated as of Sep 12 04:58 PM

Almost 90 percent of CEOs in the country are confident of seeing revenue growth in the next 12 months but there are room for further acceleration in terms of economic recovery, a study released Monday showed. Read more »