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...
The Philippines needs to maintain the momentum seen in the second semester of last year to sustain its economic recovery, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said the robust growth in the final two quarters of 2021 should be sustained even...
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, 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...
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...
Despite a budget deficit breaching the P1 trillion mark, the national government’s revenue collections remained strong last year, an indication that the country is poised to achieve a robust economic recovery, a ranking finance official said. Finance Undersecretary Gil S. Beltran said there were...
The National Economic and Development Authority (NEDA) said the Omicron variant will not slam the Philippines' growth prospects for the year, saying the fresh blow of tighter quarantine controls is only temporarily. Two years into the COVID-19 pandemic, Socioeconomic Planning Secretary Karl...
The Philippine economy on its way to recover lost ground, but should remain alert and not let its guard down as Omicron variant poses a threat to public health, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Monday, Dec. 20, 2021, that the higher-than-expected...
The Department of Finance (DOF) is confident that the higher 7 percent economic growth target set by the Duterte administration for the year is doable given the renewed consumer and business confidence in the last quarter. Finance Secretary Carlos G. Dominguez III said on Wednesday, Dec. 15, that...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
