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...
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...
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...
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...
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...
BSP Governor Eli RemolonaBangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. is optimistic that the resumption of monetary policy easing will help narrow the gap between the economy's subpar output growth and its full potential."I hope so. That's [policy easing] our main tool. We...
The Philippines will buck the downward trend and lead economic growth acceleration among emerging markets in 2025, according to the London-based think tank Capital Economics.A Feb. 20 report of Capital Economics assistant economist Lily Millard showed that among emerging markets that are forecasted...
Following the lower-than-expected expansion in 2024, the Marcos administration's economic managers are considering the possibility of adjusting this year's growth target.Speaking to reporters on the sidelines of Makati Business Club's (MBC) general membership meeting, Budget Secretary Amenah M....
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months."I think, coming from a low base, the inflation will be higher, but still within target for...
The Department of Finance (DOF) said that the remittance of P89.9 billion in unused funds from the Philippine Health Insurance Corp. (PhilHealth) is projected to boost economic growth by 0.8 percentage points. Finance Secretary Ralph G. Recto said at the Post-State of the Nation Address (SONA)...
