Philippine economic growth is expected to moderate this year from 2022’s forecast-beating outturn but will remain on a healthy expansion mode, underpinned by rising domestic demand and a recovery in services particularly tourism, according to a new report released by ...
Gross Domestic Product (GDP) grew 5.2% in the July-September on the year, government data showed on Thursday, below a Reuters poll forecast of 5.7%, for the most tepid rise since expansion of 4.3% in the second quarter of 2023. The third quarter performance takes year-to-date growth to...
Indeed, the recovery of the Philippine economy is forecast to gain traction in this year and next, fueled by strengthening domestic investment and consumption. The Asian Development Bank forecasts a 6.0 percent GDP growth in 2022 and 6.3 percent in 2023 for the country. The country's GDP grew ...
MANILA, Philippines (Xinhua) - The Asian Development Bank raised this year's growth forecast for the Philippines to 6.2 percent on the back of growing consumption, surging investments and strong export rebound. In its flagship publication Asian Development Outlook (ADO) released Tuesday, the ADB ...
USD to PHP Forecast 2023 Most economists forecast the Philippine peso to decline further versus the greenback by 2023 and 2024, falling from 54:$1 to 55:$1 due to rising dollar demand. Based on recent data, the USD to PHP exchange rate has been fluctuating, with the Philippine peso showin...
Latest WB Forecast Puts Philippine GDP Growth at 5% to 5.4% for 2011 and 2012