Tag page - GDP

BDO Unibank’s Trust Group is expecting the country’s gross domestic product (GDP) to contract by of 9.6 percent in the third quarter and by 6 percent contraction in the last quarter to bring its full year 2020 GDP projection to negative 8.3 percent. BDO Chief Investment Officer Frederico Ocampo...

Economists from Japan-based MUFG Bank Ltd. see continued strong peso vis-à-vis the US dollar despite the pandemic-induced economic recession and increasing COVID-19 cases which is the highest in the region. MUFG analyst Sophia Ng for Global Markets Research forecasts the peso to keep its strength...

The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...

The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippines to be the second-worst performing economy in the region this year as the coronavirus pandemic takes a heavier toll on the country. In a note sent to reporters on Thursday, AMRO further lowered its gross domestic product (GDP)...

Coronavirus-ravaged economies across the Asia Pacific will make a ''swoosh-shaped'' recovery next year, the Asian Development Bank forecast Tuesday, but it warned that further restrictions to combat the contagion could derail the region's return to growth. Developing Asia -- stretching from the...