The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing one of the most severe...
Philippine economic growth would continue to underperform this year and next as the country faces not only headwinds from a prolonged war in the Middle East but also domestic challenges related to politics and corruption, according to the Institute of International Finance (IIF). The IIF’s latest...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
De La Salle University (DLSU) economists slashed their 2026 Philippine gross domestic product (GDP) growth forecast to 3.11 percent from 3.79 percent previously, warning that the economy is facing mounting pressure from the Middle East conflict, elevated inflation, and lingering domestic...
The Philippines has the youngest population in East Asia, with a median age of 26. In contrast, South Korea is the oldest, with an average age of 46. Although there is hope that South Korea 's demographic crisis might ease—given that its birth rate rose for a second straight year in...
President Marcos’ chief economic manager brushed off concerns over the country’s fiscal position, assuring markets that the government remains financially stable and still has room to borrow further if needed to cushion the economy from energy shocks. This comes against the backdrop of...
Samarkand, UZBEKISTAN — Amid comparisons by some local firms claiming that the ongoing oil crisis triggered by the conflict in the Middle East is hurting their business operations more severely than the Covid-19 pandemic, economists from the Asian Development Bank (ADB) said the broader...
The country’s economic growth slowed to its weakest pace since the height of the Covid-19 pandemic in the first quarter of the year, prompting the government’s top planner to dismiss concerns that the nation is entering a period of stagflation or reverting to its historical status as the...
Public debt in the Philippines moved closer to the 60-percent level at the end of the first quarter of 2026, as the government continued to ramp up borrowings while the private sector remained cautious amid risks stemming from the war in the Middle East. The latest Global Debt Monitor of the...
Signs of stagflation are surfacing in the Philippine economy as it enters the second quarter of 2026, with private sector economists warning of a precarious mix of stalled growth and surging consumer prices. The country’s economic output likely posted only a tepid recovery from the previous...
Businesses have turned more pessimistic about the global economic outlook amid the ongoing United States (US)/Israel war with Iran, according to think tank Oxford Economics. In an April 30 report, Oxford Economics head of macro scenarios Jamie Thompson said the conflict in the Middle East is...
