MANILA, Jan. 11 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies...
Chua added that the first-quarter GDP growth is a significant reversal from the 3.8 percent contraction in the first quarter of 2021. "We have surpassed the pre-pandemic GDP level. Growth in the first quarter exceeded the median analysts' forecast of 7 percent, making the Philippines the faste...
“Key to sustaining a strong growth momentum is keeping public infrastructure spending at levels above 5.0 per cent of GDP, as the government has planned for this year and in the medium term. High-impact infrastructure projects that will help connect communities to ...
Construction Market Quarterly Update contains data from First Quarter of 2024, in which the Philippine Gross Domestic Product (GDP) posted a growth of 5.7 percent. According to the preliminary data released by the Philippine Statistics Authority (PSA), indicates an annual decrease of 5.86 percent. ...
Nov 25 Data Release: Philippine GDP Growth Takes a BreatherMikka Pineda
to conduct business and generate business volumes. We project GDP growth to remain brisk at more than 6% over the next two years on the back of a declining-interest-rate environment and recovery in household demand. System loan growth, which stood at around 10% yoy in July 2024, should ...
By Sean Baker | June 14, 2024 The outsourcing industry has been on an upwards trend since the late 1980s experiencing huge growth from US$266.9 billion in 2018, to an expected value of US$445.3 billion by 2023. The Asia-Pacific region is the second largest provider of outsourcing services...
The Philippines' economy recorded 8.3% gross domestic product (GDP) in the first quarter of 2022, marking the fourth consecutive quarter of growth following the Covid-19 pandemic-induced contractions in 2020 and 2021. Furthermore, the BSP predicted that average inflation in the country would grow...
" said Cefolia. He added that United is carefully studying opportunities to ensure that it only enters markets, where it has a presence below the gross domestic product growth in order to avoid overcapacity. "We intend to keep the capacity growth between the level of GDP growth in the ...
The Philippine economy was also on an upwards trajectory, with expanded private consumption and investment driving a GDP of 6%. Exports were also recovering, and the country looked to be on track to continue its solid growth that had started in 2010. Recent predictions have 2015 GDP growth for...