Both public and private investment in the Philippines are being dampened by Washington’s tariff policy and local corruption controversies, raising the risk that the nation’s economic expansion will miss the government’s targets this year and next. According to the ASEAN+3 Macroeconomic...
Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has projected that the United States (US) tariffs imposed on its trade partners in the region, including the 19-percent duty on the Philippines, will be felt by the end of 2025. Such drag will serve as friction to gross domestic product...
Association of Southeast Asian Nations (ASEAN)+3 policymakers, including the Philippines, are urged to balance near-term spending with long-term fiscal discipline as shrinking fiscal space and rising debt costs stress the need for consolidation to meet climate- and aging-related demands, according...
While the share of the Philippine government's budget deficit and debt to the economy are going down and "stabilizing," respectively, the ASEAN+3 Macroeconomic Research Office (AMRO) is urging fiscal authorities across the region to remain prudent in spending on public goods and services as a...
R egional surveillance organization ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that the Philippines may fall short of the government’s lower-end growth target of six percent, casting doubt on earlier projections of it becoming the region’s fastest-growing economy. Prior to United...
The ASEAN+3 Macroeconomic Research Office (AMRO) has lowered its economic growth forecast for the Philippines for this year while maintaining its outlook for 2025 due to easing inflation and a less restrictive monetary policy. In a statement on Monday, Dec. 2, the regional think tank said the...
The Philippine economy is poised to weather regional challenges, including inflation, geopolitical tensions, and debt concerns, the ASEAN+3 Macroeconomic Research Office (AMRO) said. “[The] Philippines [has] a very different economy from the other ASEAN in a sense that is a very service-driven...
Despite the multi-trillion peso borrowings amid the prolonged-pandemic, the Philippine government’s risk of falling into a debt crisis remains low, the ASEAN+3 Macroeconomic Research Office (AMRO) said. According to the regional think tank, the likelihood of the government falling into debt...
The ASEAN+3 Macroeconomic Research Office (AMRO) said the Marcos administration needs to expedite the pace of fiscal consolidation given the national government’s tight buffer to absorb future shocks. In AMRO’s Annual Consultation Report released on Wednesday, July 20, the think tank raised...
Inflation in the country is projected to surpass government’s target of 2-4 percent this year, owing mainly to skyrocketing fuel and food prices, the ASEAN+3 Macroeconomic Research Office (AMRO) reported. During the Regional Economic Outlook virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
The ASEAN+3 Macroeconomic Research Office (AMRO) has raised this year’s economic growth outlook for the Philippines to 6.5 percent from 6.2 percent on the back of robust government expenditures and recovering private sector spending. During a virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
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,...
