Tag page - Philippine Economic Update

Despite the string of strong typhoons that battered economically-productive parts of the Philippines so far in the third quarter, the country's chief economist still expects to hit the targeted economic expansion for 2024. "We're confident we'll achieve our six- to seven-percent growth target this...

The World Bank is crafting its lending plan for the Philippines covering the years 2025 to 2028, the period during which the country will likely rise to upper middle-income status and gradually lose access to preferential borrowing rates. The World Bank Group Philippines Country Partnership...

The Philippine Statistics Authority (PSA) announced an upward revision of first-quarter economic growth from 5.7 percent to 5.8 percent. According to the PSA, key factors contributing to the revision included: Financial and insurance activities, which increased from 10.0 percent to 10.3 percent;...

The slowing economy is expected to persist for the remainder of the year, with consumers facing the challenge of rising prices, coupled with a slowdown in the growth of remittances from overseas Filipinos. Following the release of the first-quarter report, economists have observed a softening in...

The Philippine Statistics Authority reported on Thursday, May 09, that the local economy, as measured by its gross domestic product (GDP), slowed to 5.7 percent in the first quarter of the year. This growth fell short of the government’s target band of 6.0 percent to 7.0 percent this year and was...