The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
President Duterte has welcomed the third quarter year-on-year increase of 7.1 percent in the Philippines’ gross domestic product (GDP), calling it a "beautiful blessing". President Rodrigo Duterte speaks during his “Talk to the People” public briefing on November 15, 2021. (Malacañang photo)...
The ratio between the country’s economic output and the budget deficit incurred by the national government widened in the first nine-months of the year, the Department of Finance (DOF) said. Data from the DOF showed Monday, Nov. 15, that the Duterte administration’s fiscal gap inched up to 8.3...
Vice presidential aspirant Senator Christopher "Bong" Go on Friday said he remains optimistic with the country's economic resilience as the Philippines’ Gross Domestic Product (GDP) grew by 7.1 percent in the third quarter of 2021. With this figure, Go lauded the economic managers of the Duterte...
Coming on the heels of the strictest quarantine regime in August and September, the economy grew by 7.1 percent in the third quarter, slower than the revised second-quarter growth of 12 percent. This exceeded the 4.8 percent consensus market forecast and fanned hopes for a strong finish possibly...
Officials from Malacañang hailed the country’s posting of a 7.1 percent growth in gross domestic product (GDP) in the third quarter of 2021. Presidential Spokesperson Harry Roque (left) and PCOO Secretary Martin Andanar (Photos from Facebook) Both Presidential Spokesperson Harry Roque and...
Economic growth increased more than expected in the third-quarter, fueling optimism that the Philippines is on pace to return to its pre-pandemic levels before President Duterte’s term ends, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority (PSA)...
The country’s economic growth performance for the second-quarter was slightly revised upward by the Philippine Statistics Authority (PSA). In its report on Monday, Nov. 8, PSA said the economy, or gross domestic product (GDP), expanded by 12 percent in April to June 2021, a revision of the...
The Philippine economy may likely outperformed pessimistic forecasts for the third-quarter following the the sterling performance of the manufacturing sector, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the October issue of...
More than three-fourths of the country’s economy remain under heightened restrictions, the National Economic and Development Authority (NEDA) said, warning this prolonged-quarantine period will not come without consequences on future generations. Since the onset of COVID-19 pandemic in March last...
The lowering of Metro Manila’s alert level status would provide a solid, positive impact on the government’s efforts to perk up the local economy, the Department of Finance (DOF) said Thursday, Oct. 14. Finance Secretary Carlos G. Dominguez III said that downgrading the National Capital Region...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
