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...
ADB’s flagship economic publicationAsian Development Outlook (ADO) April 2023forecasts the Philippine economy to grow by 6.0 per cent this year, climbing further by 6.2 per cent in 2024. A recovery in employment and retail trade, sustained expansion in the manufactu...
ADB raised its economic growth forecast for PH to 6.5% from previous 6.0%, due to a "stronger-than-expected" growth in the first six months. The Marcos Jr. administration is projecting the Philippine economic to grow at a slower clip of 6.5-7.5% this year.— Ramon Royandoyan September 8...
Philippine Economy: Third-Quarter Philippine Economic Growth
The PSA attributed the VaPI surge to the expansion in the production of 16 industry divisions led by the manufacture of textiles with a 51.1 percent annual growth rate. On the other hand, six industry divisions showed downturns in their production in April, with the manufacture of electrical equ...
Understanding limits to growth in the Philippines' economy and how they may be counteracted is crucial for policy makers seeking to encourage economic development.The pace of growth in the Philippines is slower than that of many neighboring countries, and despite increasing growth in the period ...
be driven by strong consumer demand despite the central bank having hiked its benchmark interest rate from 2% to 6.25% in the last year. The economy expanded by a better than expected 6.4% in the first quarter of 2023, driven mainly by strong domestic consumption and fixed investment growth....
It had previously had the fastest growth in over 40 years. Still, there is a likelihood that the economy has peaked. The Philippine economy has benefited from the ongoing de-risking by companies as tensions between the US and China. The country has a well-educated population and the cost ...
The dollar has increased by more than 11% against the major currencies. The relative worth of the US dollar is determined by the US economy’s activity and outlook. Before we get to the factors affecting the US dollar to Philippine peso exchange rate, USD to PHP today, and ??USD to PHP...
In this regard, the Vice-Minister also stressed the need to “continue to promote meetings to strengthen the relationships of our productive tissues and enable the implementation of new forms of business.” At the conference, great emphasis was placed on promoting the growth of companies to increa...