The growth of the Philippines’ creative economy in 2024 slowed to its lowest in three years as the total value of creative industries only increased to ₱1.94 trillion from ₱1.78 trillion in the previous year. Based on preliminary data from the Philippine Statistics Authority (PSA), last...
Finance Secretary Ralph G. Recto President Marcos’ chief economic manager and representative in the Monetary Board (MB) has projected a 75-basis point (bp) reduction in the central bank’s interest rates this year, anticipating this would catalyze economic growth to seven percent or...
Diwa Guinigundo If the Philippine economy fails to expand at least nine percent over the next three years, Filipinos will grapple with lower wages, joblessness, and worsening poverty, according to an economic expert. “Unless the economy is able to sustain a growth rate of more than nine percent...
Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May. Luis Dumlao, associate professor and senior...
The anticipated further reduction in interest rates will support this year's robust Philippine economic expansion, according to the think tank Capital Economics. "We expect growth to remain relatively strong in 2025, helped by policy loosening from the central bank," Capital Economics senior...
The Philippines will buck the downward trend and lead economic growth acceleration among emerging markets in 2025, according to the London-based think tank Capital Economics. A Feb. 20 report of Capital Economics assistant economist Lily Millard showed that among emerging markets that are...
Following the lower-than-expected expansion in 2024, the Marcos administration's economic managers are considering the possibility of adjusting this year's growth target. Speaking to reporters on the sidelines of Makati Business Club's (MBC) general membership meeting, Budget Secretary Amenah M....
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The implications of the Philippine's gross domestic product (GDP) performance in 2024 has emboldened Albay 2nd district Rep. Joey Salceda as to the importance of the House...
CEBU CITY – The province of Bohol’s Gross Domestic Product (GDP) increased last year, the Philippine Statistics Authority (PSA) said. Citing the PSA report, the Provincial Product Accounts (PPAs) disclosed that the province recorded a 6.6 percent annual growth in GDP which was higher than...
ILOILO CITY – The Philippine Statistics Authority said this city had the fastest growing economy in Western Visayas region last year. BUILDINGS at Iloilo Business Park in Iloilo City. (Tara Yap) The Gross Domestic Product (GDP) of Iloilo City for 2023 was valued at...
Following the lower-than-expected gross domestic product (GDP) growth of 5.2 percent in the third quarter, Citi Research expects that stronger domestic demand will prompt a shift to six percent growth for the last three months. Citi Philippines economist Nalin Chutchotitham has revised her...
Following the lower-than-expected third-quarter growth, the Department of Budget and Management (DBM) said it will prioritize agriculture and climate action to foster stronger economic growth in the year’s final three months. “We will reinforce our prioritization of agriculture and climate...
