Following the lower-than-expected expansion in 2024, the Marcos administration's economic managers are considering the possibility of adjusting this year's growth target.Speaking to reporters on the sidelines of Makati Business Club's (MBC) general membership meeting, Budget Secretary Amenah M....
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...
CEBU CITY – The province of Bohol's Gross Domestic Product (GDP) increased last year, the Philippine Statistics Authority (PSA) said.Citing the PSA report, the Provincial Product Accounts (PPAs) disclosed that the province recorded a 6.6 percent annual growth in GDP which was higher than...
ILOILO CITY – The Philippine Statistics Authority said this city had the fastest growing economy in Western Visayas region last year. BUILDINGS at Iloilo Business Park in Iloilo City. (Tara Yap)The Gross Domestic Product (GDP) of Iloilo City for 2023 was valued at P160.28...
Following the lower-than-expected gross domestic product (GDP) growth of 5.2 percent in the third quarter, Citi Research expects that stronger domestic demand will prompt a shift to six percent growth for the last three months.Citi Philippines economist Nalin Chutchotitham has revised her full-year...
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 action...
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 ROSALWhile 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...
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...
House Speaker Martin Romualdez (Facebook) Speaker Martin Romualdez played up during plenary session on Wednesday night, Sept. 25 the contributions made by the House of Representatives, and Congress in general, to the economic flourish that...
Think tank Capital Economics has warned that the stalling Philippine economic growth would persist this year, even as easing inflation and expectations of more interest rate cuts by the central bank will improve prospects next year.While the country's gross domestic product (GDP) grew 6.3 percent...
The inflation rate, reflecting the increase in consumer prices, is expected to slow down in the coming months, aligning with forecasts from the government and the Bangko Sentral ng Pilipinas (BSP).In a commentary, Dutch bank ING said that headline inflation will retreat to the target of two percent...
