Looking ahead into 2023, the economic forecast for the Philippines remains a moving target. After a record 10 percent contraction in 2020, the country may bounce back in 2023 with projected growth of around 5.3 percent, though it will hardly rise above preCOVID-19 levels (exhibit). ...
The Philippines ended 2023 on a high note,being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent.1Should projections hold, the Philippines is expected to, once again, show significant growth in 2024...
People are seen inside a shopping mall in Quezon City, the Philippines, Jan. 12, 2024. According to official data, the year-on-year inflation in the Philippines eased to 3.9 percent in December 2023, bringing the full-year average inflation rate to 6 percent. (Xinhua/Rouelle Umali) MANILA...
Gross domestic product (GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita (GDP per citizen) is often considered an indicator of a country's standard of living.
Minimum wage or NMW Is the lowest salary that workers must receive for the legal working day. On this page, you can view the NMW of the different countries, (National currency and in Dollars or Euros).
State-run PTV4 reports that the contingents of the House of Representatives and the Senate of the Bicameral conference committee has approved the proposed P5.268-T budget for 2023. November 17, 2022 American credit rating agency S&P Global Ratings affirms the Philippines’ “BBB+” investment gra...
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In the meantime, the BSP said the balance of risks to the inflation outlook now leans toward the upside for both 2022 and 2023. Given these considerations, the central bank reiterated its support for "urgent and coordinated efforts of government agencies to ensure adequate domestic food supply."...
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The global financial crisis in 2008 transformed China into the engine of the global economy, said Rashid, adding that the country is expected to become the engine of the world economy once again. "China can play a significant role in stimulating" global growth in 2023, said the economist. ...