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...
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...
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 Philippine economy was more resilient than expected in 2023—current projections indicate that it could again achieve healthy growth in 2024. (17 pages) 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...
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...
△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...
Chinese President Xi Jinping holds talks with Philippine President Ferdinand Romualdez Marcos Jr. at the Great Hall of the People in Beijing, capital of China, Jan. 4, 2023. (Xinhua/Yue Yuewei) *This visit speaks volumes about the close ties between China and the Philippines and the important...
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 ...
The Tiger Cub economies are Southeast Asia's emerging economies: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. While still in their early stages of development, the Tiger Cub Economies hold promise for significant future growth. ...
[1]is projected to grow at an annual rate of 5.1% on average with Vietnam and the Philippines driving the region's growth, each expected to exceed 6%, and Indonesia tailing close at 5.7%. For the first time in a decade, SEA-6 has attracted more FDIs than China. In 2023, SEA...