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...
Following the weaker-than-expected gross domestic product (GDP) growth in the first quarter of 2025, the country's national socioeconomic planner stated that abandoning the Marcos administration's ambitious growth goal of six percent to eight percent might be too soon. "It's too early to...
The Philippines touts a 5.6 percent gross domestic product (GDP) growth in 2024, the highest in the region. With the highest GDP growth rate and one of the two biggest national budgets in ASEAN (2021-2025), it has little to show—except the lowest GDP per capita in the region.Besides, our 1.9...
Government spending related to the May 12 midterm elections—frontloaded expenditures prior to the polls as well as the resumption of delayed projects due to the election ban—would likely spill over into the second quarter and support first-half economic growth, economists said."While the...
Despite the dismal first-quarter growth mostly weighed down by world trade uncertainties, the Economist Intelligence Unit (EIU) sees the Philippine economy outperforming the region in 2025."We will maintain our forecast of 6.1-percent growth this year, accelerating from 5.7 percent in 2024, making...
Another 25-basis-point (bp) interest rate cut by the Bangko Sentral ng Pilipinas (BSP) is widely expected at its monetary policy meeting next month, as inflation slides and economic growth weakens.In a May 9 report, Deutsche Bank Research said the lower-than-expected 5.4-percent gross domestic...
While the Philippine economy's growth missed the lower end of the government's six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency's confidence in achieving the full-year growth goal."The fact that all major...
Malacañang said the recent poverty and food insecurity numbers are concrete signs that President Marcos ' anti-poverty programs are delivering results.File photoCommunications Undersecretary Claire Castro said this after the latest OCTA Research survey showed that the number of Filipino...
Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown.Singapore-based UOB has substantially shaved its full-year growth...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy's "robust resilience," fueled by strong consumer spending and industry contributions.Roque, who heads the government agency...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank.In a May 3 report received by...
Singapore-based DBS Bank Ltd. expects a "resilient" first-quarter economic growth for the Philippines amid easing domestic inflation, despite global uncertainties wrought by the United States ' (US) tariff spree.In a May 5 report, DBS Group Research chief economist Taimur Baig and senior...
