Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
The World Bank has slightly downgraded the Philippines' gross domestic product (GDP) outlook for 2022 from 5.8 percent to 5.7 percent, falling further below the Duterte administration's target of seven to nine percent due to external risks. In its East Asia and Pacific Economic Update released...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
Presidential candidate and survey frontrunner Bongbong Marcos thinks that the Philippines needs another dose of Ferdinand Marcos-style industrialization in a bid to create an employment boom. Presidential candidate Bongbong Marcos (left) and his late father, strongman President Ferdinand Marcos...
Vice President Leni Robredo has a reputation for pitching data-driven policies and strategies, and she proved that during the first round of the Commission on Elections’ (Comelec) presidential debate on Saturday, March 19, when she started rattling off data to back up her claims and plans. Vice...
Aspiring president Senator Manny Pacquiao will focus on strengthening the country's gross domestic product (GDP) in a bid to expedite economic recovery from the pandemic if he wins in the upcoming May elections. Senator Manny Pacquiao During a presidential debate hosted by the Commission on...
The National Economic and Development Authority (NEDA) is confident that strong domestic demand would withstand the adverse affects of the Russia-Ukraine conflict that threatens the country’s return to pre-pandemic levels within the first-quarter. At a virtual briefing on Tuesday, March 15,...
Philippine economic recovery is “firmly on track” and is expected to speed up following further relaxation of mobility restrictions and continued policy support, the ASEAN+3 Macroeconomic Research Office (AMRO) said. The regional macroeconomic surveillance organization said on Friday, March 11,...
The national government incurred more loans in January, bringing its debt above the P12-trillion mark for the first time, as the Philippines bogged down by prolonged Covid-19 pandemic. The Bureau of Treasury reported on Friday, March 4, that the government’s outstanding debt stood at P12.03...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
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...
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...
