The Philippine Statistics Authority (PSA) has revised upwards the country’s economic performance for the full year of 2024 to 5.7-percent growth, from the preliminary 5.6-percent figure. This upward revision still falls short of the government’s downscaled 2024 gross domestic product (GDP)...
The Philippines would buck the trend of weak growth prospects in emerging markets (EMs) amid the United States' (US) tariffs threat, according to the think tank Capital Economics. "In all, aggregate EM GDP growth is likely to slow in the coming quarters... we think growth will generally fall short...
A weaker peso, caused by United States (US) tariffs lifting the US dollar and the Philippines' wider current account deficit, may delay further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), according to Japanese banking giant MUFG Bank Ltd. "We forecast the BSP to cut rates by...
US President Donald J. Trump's protectionist policies remain the top risk to Philippine economic prospects this year, according to the think tank Capital Economics. "A key uncertainty over the coming year is whether and to what extent Donald Trump follows through with his threats to impose tariffs...
Reelectionist Senator Francis Tolentino expressed belief that government support for the promotion of Filipino-made products must include protection of agricultural lands which are vital to domestic industries. Tolentino pointed this out after he was asked how the government could...
Diwa Guinigundo If the Philippine economy fails to expand at least nine percent over the next three years, Filipinos will grapple with lower wages, joblessness, and worsening poverty, according to an economic expert. “Unless the economy is able to sustain a growth rate of more than nine percent...
Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May. Luis Dumlao, associate professor and senior...
The anticipated further reduction in interest rates will support this year's robust Philippine economic expansion, according to the think tank Capital Economics. "We expect growth to remain relatively strong in 2025, helped by policy loosening from the central bank," Capital Economics senior...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The implications of the Philippine's gross domestic product (GDP) performance in 2024 has emboldened Albay 2nd district Rep. Joey Salceda as to the importance of the House...
Following the lower-than-expected third-quarter growth, the Department of Budget and Management (DBM) said it will prioritize agriculture and climate action to foster stronger economic growth in the year’s final three months. “We will reinforce our prioritization of agriculture and climate...
The National Economic and Development Authority (NEDA) remains confident that the government can still achieve its full-year growth target despite a slowdown in gross domestic product (GDP) growth in the third quarter of 2024. In a briefing on Thursday, Nov. 7, the Philippine Statistics Authority...
President Marcos' economic team plans to reassess the country's macroeconomic assumptions following a significant slowdown in consumer prices, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said that the economic managers might consider revising the 2024...
