Following the Philippines' disappointing economic performance in 2024, hitting even the lower end of the government’s six-to eight-percent growth target this year could be challenging, according to the Philippine Institute for Development Studies (PIDS). “Nevertheless, PIDS remains optimistic,...
The economy maintained its growth momentum in the fourth quarter of 2024, but the full-year expansion fell short of the government's targets, the Philippine Statistics Authority (PSA) reported. The country’s economy, as measured by the gross domestic product (GDP), grew by 5.2 percent from...
While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
Developing economies, including the Philippines, are projected to have the weakest average growth in the first 25 years (2001–2025) of the century, and these countries will continue to grapple with growth setbacks in the next quarter, the World Bank said. According to the multilateral lender’s...
London-based HSBC projects that the Philippines and other Southeast Asian countries will deliver robust economic growth this year, with the peso remaining resilient despite a stronger US dollar. On Tuesday, Jan. 14, James Cheo, HSBC chief investment officer for Southeast Asia and India, projected...
Philippine economic growth in 2024 likely fell below the government's downscaled target as a string of strong typhoons prevented faster expansion, according to Moody's Analytics. In a Jan. 10 report, Moody's Analytics forecasted the Philippines' gross domestic product (GDP) to have grown by 5.7...
While the East Asia and Pacific region has driven the reduction of the Global Prosperity Gap (GPG), the Philippines remains classified as a country with high inequality, World Bank data revealed. According to a World Bank blog published on Jan. 8, the region has greatly contributed in closing...
Think tank Oxford Economics sees the Philippines and other emerging markets (EMs) continuing to dominate the global growth rate rankings in the next two years. According to Oxford Economics, the Philippine economy will expand by 13 percent by 2026, which would allow the country to secure the 11th...
While other developing countries in Southeast Asia could suffer severely from looming US tariff rate hikes, HSBC sees the Philippines as well-positioned to weather these risks. During a media briefing on Jan. 8, Aris Dacanay, ASEAN economist at HSBC Philippines, said that unlike its neighboring...
The Philippine economy stands out as a global outperformer, bolstered by robust domestic consumption and a favorable demographic profile, BDO Unibank said in a briefing for Japanese business leaders. The bank noted that “despite facing global headwinds, the nation continues to demonstrate...
The Philippines is expected to sustain robust economic expansion in 2025 amid expectations of slower price hikes and lower interest rates boosting consumer spending, according to the think tank Capital Economics. "Strong consumption should ensure another year of solid growth in 2025," Capital...
While the Philippine peso could fall beyond the 60:$1 level when US President-elect Donald J. Trump returns to the White House in 2025, economic growth is expected to benefit from election-related spending next year, according to Singapore-based United Overseas Bank (UOB). "Worries about Trump's...
