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...
This kind of “era thinking” is particularly valuable in the Philippines, where disruptions caused by the conflict in Ukraine and international supply-chain crises have had a clear impact.Looking ahead into 2023, the economic forecast for the Philippines remains a moving target. After a record ...
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...
Philippines economic growth remained strong in 2023, with GDP growth improving to a pace of 5.9% y/y in the third quarter of 2023, compared with GDP growth of 4.3% y/y in the second quarter of 2023. The outlook for 2024 is for continued rapid economic growth, helped by expected gradual...
△The Philippines. The Philippine economy expanded by 7.6 percent in 2022 after logging 7.2 percent in the fourth quarter, the fastest among the emerging economies in the ASEAN region, the Philippine Statistics Authority (PSA) sai...
However, risks from a sharper-than-expected slowdown in major advanced economies, heightened geopolitical tensions, and inflation stickiness could dampen the outlook for gross domestic product (GDP) growth. “The Philippines will grow at its potential this year and next ...
In its ‘Asia Macro Outlook 2024’ report, Nomura Global Markets Research noted the Philippines as one of ‘Asia’s striving Tiger Cubs’ and likely to be one of the fastest-growing economies of the decade19. Along with its fellow Tiger Cub, Indonesia, it is one of the countries most ...
Mongolia’s Steppe Road plan, Indonesia’s Global Marine Fulcrum initiative, the Philippines’ Build Better More program, Vietnam’s Two Corridors and One Economic Circle plan, South Africa’s Economic Reconstruction and Recovery Plan, Egypt’s Suez Canal Corridor Project, and Saudi Arabia’s Visio...
MANILA, April 6 (Xinhua) -- The Philippines' economic recovery is expected to grow by 6.0 percent in 2022, further by 6.3 percent in 2023, driven by rising domestic investment and consumption as pandemic restrictions eased, according to a report released by the Asian Development Bank (ADB) on...
Philippines Asia Pacific 5.9 Vietnam Asia Pacific 5.8 World Average -- 2.9 For India, data and forecasts are presented on a fiscal year basis (starting April). Continue reading below for additional context on these figures. Highlights: Asia Pacific The fastest growing economies in Asia are foreca...