The Tokyo-based think tank Asian Development Bank Institute (ADBI) has flagged rising post-pandemic debt repayments in developing economies across the region, including the Philippines, which are depriving governments of more funding for public goods and services. “Between 2008 and 2019, annual...
While the Philippine economy has already been recovering from its deep recession during the height of the Covid-19 pandemic, hitting its growth potential of six percent would be challenging given the global uncertainties spilling over domestically, according to the Department of Finance (DOF)....
Fifteen years from now, the Philippine economy could accelerate by 6.8 percent yearly if the country continues to improve regional connectivity, productivity, and resource allocation, the Washington-based World Bank stated. According to the multilateral lender’s latest report on Philippine growth...
The share of tax revenues to the Philippine economy has lingered below the regional average of efficient collections, highlighting the need to further improve tax administration and enforcement. The Organization for Economic Co-operation and Development’s (OECD) Revenue Statistics in Asia and the...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
Philippine economic growth would likely further slow in the next two years to remain below the government’s more ambitious annual targets amid a global deceleration fueled by trade and geopolitical tensions, according to the Washington-based Institute of International Finance (IIF). A June 25...
Debt watcher S&P Global has revised upwards its 2025 gross domestic product (GDP) growth forecast for the Philippines to a pace that would make it at par with region’s best performer Vietnam’s projected growth of 5.9 percent. According to the latest report of S&P Global, published on Tuesday,...
Singapore-based United Overseas Bank (UOB) has downgraded its 2025 economic growth forecast for the Philippines amid global trade uncertainties, which, in turn, bolstered its expectations of further interest rate cuts. In its new quarterly global outlook report for the third quarter of 2025,...
The Department of Finance (DOF) said the Marcos administration has been prudently managing the Philippines’ swollen debt stock, which was bloated by the ₱6.84 trillion added by the Duterte regime during the Covid-19 pandemic. In a statement released on Thursday, June 5, the DOF said the...
After a disappointing 5.7-percent gross domestic product (GDP) growth rate last year, the Philippines is expected to post an even slower growth rate of 5.6 percent for 2025, which would once again fail to reach the government’s growth target of six to eight percent. Growth would only accelerate...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
Slowing increases in consumer prices could boost the Philippine economy this year through 2027, with gross domestic product (GDP) growth falling within the lower end of the government’s target of six to eight percent, according to the Bangko Sentral ng Pilipinas (BSP). “GDP growth could settle...
