The World Bank said the Philippines is facing weaker long-term growth due to lower capital investment as well as loss of human and intangible capital. Without mitigation measures, the Washington-based multilateral institution warned that the country’s long-term growth potential will be only at...
The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
The ratio between the country’s economic output and the budget deficit incurred by the national government widened in the first nine-months of the year, the Department of Finance (DOF) said. Data from the DOF showed Monday, Nov. 15, that the Duterte administration’s fiscal gap inched up to 8.3...
Economic growth increased more than expected in the third-quarter, fueling optimism that the Philippines is on pace to return to its pre-pandemic levels before President Duterte’s term ends, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority (PSA)...
The country’s economic growth performance for the second-quarter was slightly revised upward by the Philippine Statistics Authority (PSA). In its report on Monday, Nov. 8, PSA said the economy, or gross domestic product (GDP), expanded by 12 percent in April to June 2021, a revision of the...
The Philippine economy may likely outperformed pessimistic forecasts for the third-quarter following the the sterling performance of the manufacturing sector, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the October issue of...
More than three-fourths of the country’s economy remain under heightened restrictions, the National Economic and Development Authority (NEDA) said, warning this prolonged-quarantine period will not come without consequences on future generations. Since the onset of COVID-19 pandemic in March last...
The lowering of Metro Manila’s alert level status would provide a solid, positive impact on the government’s efforts to perk up the local economy, the Department of Finance (DOF) said Thursday, Oct. 14. Finance Secretary Carlos G. Dominguez III said that downgrading the National Capital Region...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
Prospects for the country’s growth remains promising as the National Economic and Development Authority (NEDA) highlighted that recovery is now hinging on actions being taken in dealing with the coronavirus. Socioeconomic Planning Secretary Karl Kendrick T. Chua said that accelerating the...
The World Bank trimmed its growth forecast for the Philippines this year and expects the country's economic activity to return to pre-pandemic level by 2023 yet because the government is likely to miss the goal of vaccinating most of its population by the end of 2021. Based on the World Bank East...
The long-term economic cost of the coronavirus and the pandemic-induced lockdowns would be over three-times greater than the multi-trillion peso debt obligations of the government, the National Economic and Development Authority (NEDA) estimated. Socioeconomic Planning Secretary Karl Kendrick T....
