Debt-watcher Fitch Ratings has raised its global growth forecasts for this year due to improved confidence in recovery prospects. In its latest Global Economic Outlook released on Tuesday, June 18, Fitch said it raised its global gross domestic product (GDP) outlook to 2.6 percent from 2.4 percent...
As global oil prices crashed to $78 per barrel level, Filipino consumers can look forward to hefty rollback in fuel prices next week, especially for diesel and kerosene products, according to the oil companies. Based on the estimates of the industry players, the price of diesel products will have a...
Price surges at the domestic pumps will partly cool off next week, as the adjustments will be relatively moderate, based on the calculation of the oil companies. According to the industry players, gasoline prices will rise by P0.70 to P1.00 per liter; while diesel prices may not change because the...
Motorists are in for significant financial relief with oil prices on on big time rollback next week due to the downtrend of prices in the world market, according to industry players. Based on estimates, gasoline prices will be trimmed by P2.10 to P2.40 per liter; while diesel prices will have...
Manulife Investment Management (IM) expects a synchronized global growth downturn next year following the aggressive pace of financial tightening in 2022 that would impact the equity and debt markets. In a statement, Sue Trinh, co-head of global macro strategy at Manulife IM, said monetary...
WASHINGTON, United States -- IMF chief Kristalina Georgieva warned Thursday that the chance of global growth dropping below two percent -- last seen during the coronavirus outbreak and the global financial crisis of 2009 -- is increasing as major economies slow. (FILES) Exterior view of the...
The United Nations (UN) warned on Thursday, Jan. 13, that the economic recovery seen in 2021 would slow down in 2022 and in 2023. According to the UN’s World Economic Situation and Prospects 2022, the global economy, which saw a 5.5 percent expansion in 2021, is projected to expand by only 4.0...
