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...
And the promising projections keep coming for the Philippines. Cabinet Secretary Karlo Nograles (Screenshot from Facebook live) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles reported on Tuesday, Dec. 7 that New York-based think tank Global Source Partners has pegged the...
President Duterte expressed confidence that the Philippine economy can bounce back next year owing to the glowing outlook that global investment banking firm Goldman Sachs has for the country. President Rodrigo Duterte (Malacañang photo) Duterte said that according to Sachs, the Philippines "is...
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...
President Duterte has welcomed the third quarter year-on-year increase of 7.1 percent in the Philippines’ gross domestic product (GDP), calling it a "beautiful blessing". President Rodrigo Duterte speaks during his “Talk to the People” public briefing on November 15, 2021. (Malacañang photo)...
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...
Vice presidential aspirant Senator Christopher "Bong" Go on Friday said he remains optimistic with the country's economic resilience as the Philippines’ Gross Domestic Product (GDP) grew by 7.1 percent in the third quarter of 2021. With this figure, Go lauded the economic managers of the Duterte...
Coming on the heels of the strictest quarantine regime in August and September, the economy grew by 7.1 percent in the third quarter, slower than the revised second-quarter growth of 12 percent. This exceeded the 4.8 percent consensus market forecast and fanned hopes for a strong finish possibly...
Officials from Malacañang hailed the country’s posting of a 7.1 percent growth in gross domestic product (GDP) in the third quarter of 2021. Presidential Spokesperson Harry Roque (left) and PCOO Secretary Martin Andanar (Photos from Facebook) Both Presidential Spokesperson Harry Roque and...
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...
