The National Economic and Development Authority (NEDA) is confident that strong domestic demand would withstand the adverse affects of the Russia-Ukraine conflict that threatens the country’s return to pre-pandemic levels within the first-quarter. At a virtual briefing on Tuesday, March 15,...
Philippine economic recovery is “firmly on track” and is expected to speed up following further relaxation of mobility restrictions and continued policy support, the ASEAN+3 Macroeconomic Research Office (AMRO) said. The regional macroeconomic surveillance organization said on Friday, March 11,...
The national government incurred more loans in January, bringing its debt above the P12-trillion mark for the first time, as the Philippines bogged down by prolonged Covid-19 pandemic. The Bureau of Treasury reported on Friday, March 4, that the government’s outstanding debt stood at P12.03...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
The Philippine economy is seen to expand to over 7 percent in the next few years as forecast by global credit rating firms, Malacañang announced on Friday, Feb. 18. (Jansen Romero / MANILA BULLETIN) Citing the recent report from S&P Global Ratings, Cabinet secretary and acting presidential...
A joint report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) raised their growth forecast for 2022 to 7.0 percent from 6.0 percent stating the economic recovery is back on the fast growth lane. In the January issue of the Market Call, FMIC and UA&P...
The Philippine economy recovered in 2021, registering a full-year growth in Gross Domestic Product (GDP) of 5.6 percent and fueling optimism that it would soon bounce back to pre-pandemic levels. Noting that the country’s GDP growth was among the highest in the region, Socioeconomic Planning ...
The Philippine economy, as measured by the gross domestic product (GDP), grew 5.6 percent in 2021, slightly beating the government’s downgraded target band of 5.0 percent to 5.5 percent, rebounding from a 9.6 percent decline in the previous year, the Philippine Statistics Authority (PSA) reported...
Malacañang said that the Philippine economy continues to beat expectations following reports of the economy's growth during the last quarter of 2021. (FILE PHOTO) Cabinet Secretary Karlo Nograles made the statement after it was reported that the country's economy grew 7.7 percent in the fourth...
If she wins the presidency this May 2022, Vice President Leni Robredo plans on addressing the Philippines' ballooning loans and will “honor the commitments” by improving the country’s debt-to-GDP (gross domestic product) ratio. (Vice President Leni Robredo/The 2022 Presidential One-on-One...
The country’s economy grew at a much slower pace in the third-quarter last year, the Philippine Statistics Authority (PSA) announced on Wednesday, Jan. 26. In a statement, the PSA said the economy, as measured by gross domestic product (GDP), grew by 6.9 percent from July to September 2021,...
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...
