The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
The year 2023 has been acknowledged by the International Monetary Fund as a year of global economic recession that would hit one-third of the world’s economy. The economic difficulties have been brought about by Russia’s war in Ukraine, causing oil prices to rise to historic levels, disrupting...
House Committee on Ways and Means chairman Joey Sarte Salceda on Sunday, January 1 expressed his belief the Philippines will compete with Vietnam and India for the fastest growing major economy in Asia-Pacific this year, 2023. The Albay 2nd District Representative said he is optimistic about the...
NEDA sees P9.4-B in weekly gains from Alert Level 1 By Chino S. Leyco The economy is estimated to gain an additional P9.4 billion per week as the country continues to move towards the new normal, the National Economic and Development Authority (NEDA) reported. During President Duterte’s Talk to...
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippine economy will grow at a much slower pace this year after the highly transmissible Omicron variant rattled the services sector’s recovery. In its ASEAN+3 Regional Economic Outlook released on Tuesday, Jan. 25, the regional...
Socioeconomic Planning Secretary Karl Kendrick Chua on Thursday, August 26, expressed optimism that the Philippines' economy will recover to a pre-pandemic level late next year or in early 2023. NEDA Secretary Karl Kendrick Chua (Malacañang Photo) During the first hearing of the House Committee...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
