Despite weaker-than-expected growth in 2024, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) forecasts the Philippine economy to accelerate past six percent this year and reach 6.3-percent growth next year, matching the pace of Vietnam.According to the 2025...
United States (US) President Donald Trump's reciprocal tariffs on the Philippines could further slow the already subpar economic growth expected this year, according to DBS Bank Ltd. of Singapore.In an April 7 report, DBS Group Research chief economist Taimur Baig and senior economist Radhika Rao...
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) growth...
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 of...
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 another...
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...
The growth of the Philippines' creative economy in 2024 slowed to its lowest in three years as the total value of creative industries only increased to ₱1.94 trillion from ₱1.78 trillion in the previous year.Based on preliminary data from the Philippine Statistics Authority (PSA), last...
Finance Secretary Ralph G. Recto President Marcos' chief economic manager and representative in the Monetary Board (MB) has projected a 75-basis point (bp) reduction in the central bank's interest rates this year, anticipating this would catalyze economic growth to seven percent or...
Diwa GuinigundoIf 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 from...
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...
The Philippines will buck the downward trend and lead economic growth acceleration among emerging markets in 2025, according to the London-based think tank Capital Economics.A Feb. 20 report of Capital Economics assistant economist Lily Millard showed that among emerging markets that are forecasted...
