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ADB raises Philippine economic growth forecast to 5.1 percent in 2021

Jessica Fenol, ABS-CBN News
Updated as of Dec 14 09:56 AM

The Asian Development Bank on Tuesday raised its economic growth outlook for the Philippines in 2021 and 2022 as it remains on a "steady growth path" due to the vaccination program and declining COVID-19 cases. Read more »

BSP to remain 'patient' but says COVID-19 still threat to growth outlook

ABS-CBN News
Posted at Nov 16 11:50 AM

The central bank will remain patient when it comes to raising interest rates 'for a few more quarters,' BSP Governor Benjamin Diokno said Tuesday. Read more »

ADB cuts Asia growth forecast on slow COVID vaccine rollout

Agence France-Presse
Posted at Sep 22 10:35 AM

The Asian Development Bank warned of "lasting scars" from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns. Read more »

IMF raises growth forecasts for rich nations, dims outlook for developing world

David Lawder, Reuters
Posted at Jul 28 08:52 AM

The IMF forecast lower prospects for Indonesia, Malaysia, the Philippines, Thailand and Vietnam where recent waves of COVID-19 infections are weighing on activity. The Fund forecast that emerging Asia would grow 7.5 percent this year, down 1.1 percentage points from the April forecast.   Read more »

Apple says chip shortage reaches iPhone, growth forecast slows

Stephen Nellis, Reuters
Posted at Jul 28 08:44 AM

Apple Inc said on Tuesday that a global chip shortage that has bit into its ability to sell Macs and iPads will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower. Read more »

2022 budget ceiling pegged at over P5 trillion by PH economic managers

ABS-CBN News
Posted at Jul 19 07:45 PM

Philippine economic managers are eyeing a budget of P5.024 trillion next year, higher by 11.5 percent than the budget this year.  Read more »

PH Economic managers sticking to 6 to 7 pct growth target for the year

ABS-CBN News
Posted at Jul 19 06:55 PM

The Development Budget and Coordination Committee (DBCC) on Monday said it “reaffirmed the Gross Domestic Product (GDP) growth target of 6 to 7 percent in 2021." Read more »

Philippine economy poised to bounce back 'sharply' in 2022: ASEAN think tank

ABS-CBN News
Updated as of Jun 30 12:10 PM

The Philippine economy could grow by 9.5 percent in 2022 if it could achieve herd immunity early next year and if businesses and the financial sector receive targeted support, an ASEAN think tank said Wednesday. Read more »

PH shares post slight losses as IMF slashes PH's 2021 growth forecast

ABS-CBN News
Posted at Jun 16 10:06 PM

Philippine shares posted slight losses after the country got a growth forecast downgrade from the International Monetary Fund.  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 »

DBCC lowers 2021 growth forecast amid virus surge, lockdowns

ABS-CBN News
Posted at May 18 05:29 PM

The Development Budget Coordination Committee on Tuesday said it has lowered its growth forecast for the economy to 6 to 7 percent, from an earlier projection of 6.5 to 7.5 percent.   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 »

NEDA targets lower 2022 growth rate than DBCC forecast

ABS-CBN News
Updated as of Feb 04 02:39 PM

NEDA updated its growth target to 6.5 to 7.5 percent next year, which was lower than the 8 to 10 percent growth forecast announced last year by the Development Budget Coordination Committee. Read more »

Fitch: Wuhan coronavirus outbreak to weigh on Chinese, Global economies

ABS-CBN News
Updated as of Jan 31 12:17 PM

Fitch Solutions issues a new assessment on China's 2020 growth forecast following the spread of the Wuhan coronavirus. Read more »

2nd tax reform, budget delay among factors behind lower growth forecasts for PH

ABS-CBN News
Posted at Oct 28 11:44 PM

Despite multiple downgrades in the Philippine growth outlook for 2019, at least one economist is optimistic the country can still reach the lower end of government's target growth range. Read more »

ADB lowers PH's growth outlook for 2019, 2020

ABS-CBN News
Posted at Sep 25 11:47 PM

The Asian Development Bank lowered its growth outlook for the Philippines for 2019 and 2020. Read more »

S&P further cuts growth forecast for Philippines

ABS-CBN News
Updated as of Jun 27 04:54 PM

The Philippines is now seen growing at 6.1 percent this year, down from the previous estimate of 6.4 percent back in April. Read more »

World Bank slashes 2019 growth as global trade slackens

Douglas Gillison, Agence France-Presse
Updated as of Jun 05 07:17 AM

WASHINGTON, United States - The World Bank slashed its global growth forecasts for this year in a report released Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence, and increasingly skittish investment. Read more »