London-based think tank Capital Economics warned that the strong gross domestic product (GDP) growth seen in the third quarter is unlikely to be sustained amid weak economic momentum, slowing remittances and exports, and tighter fiscal policies. "GDP growth in the Philippines accelerated in the...
Following a series of destructive calamities that have battered the Philippines and impacted its economy, the World Bank has reduced its 2024 gross domestic product (GDP) growth forecast for the country to 5.9 percent. “While the baseline growth forecast for 2024 was revised downward to 5.9...
The ASEAN+3 Macroeconomic Research Office (AMRO) has lowered its economic growth forecast for the Philippines for this year while maintaining its outlook for 2025 due to easing inflation and a less restrictive monetary policy. In a statement on Monday, Dec. 2, the regional think tank said the...
Singapore-based DBS Bank is bullish that downward inflation and interest rates would bolster consumer spending as well as private investments in the Philippines even as economic growth would likely slow in the next two years. DBS Bank projects an average growth of 6.0 percent for this year, but...
With economic growth slowing to its lowest pace since the second quarter of 2023, economists pointed to lower inflation and eased monetary policy as potential catalysts for boosting consumption, although trade barriers and peso volatility could hinder this progress. "Admittedly, a continued boost...
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...
By DERCO ROSAL While the majority of expectations nod to an uptick in October inflation, economists surveyed by Manila Bulletin hold mixed forecasts for the Philippines’ third-quarter 2024 economic performance, noting both growth opportunities and possible risks ahead. Following the four-year low...
By DERCO ROSAL The Bank of the Philippine Islands (BPI) expects the economy to continue outperforming its peers from the Asia-Pacific region, driven by anticipated strong consumer consumption, increased food supply, and stable global commodity prices. “Inflation is expected to be more manageable...
The Philippines' below-goal and slowing near-term economic growth would be unlikely to gain from China's massive stimulus due to meager exports to the mainland, according to Deutsche Bank Research. Deutsche Bank's global macro forecasts released on Tuesday, Oct. 15, showed projected gross domestic...
Investments to uplift the poorest and most vulnerable sectors in the Philippines may be funded by more foreign borrowings and other fiscal savings from more-than-enough US dollar reserves, the United Nations Economic and Social Commission for Asia and the Pacific (Unescap) said. "Applying a...
The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie Huang said in an Oct. 4 report that "if...
This year's US presidential election and the Philippines' midterm polls next year, among other geopolitical and climate events, pose risks to near-term economic outlook here and abroad, according to the Washington-based Institute of International Finance (IIF). "Political uncertainties and policy...
