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Economy slows down to 6% in second quarter of 2018

As consumers grappled with rising prices, economic growth slowed down to six percent in the second quarter of the year from figures recorded in the previous quarter and in the same period last year......»»

Category: newsSource: philstar philstarAug 10th, 2018

Economy slows down to 6% in second quarter of 2018

As consumers grappled with rising prices, economic growth slowed down to six percent in the second quarter of the year from figures recorded in the previous quarter and in the same period last year......»»

Category: newsSource:  philstarRelated NewsAug 10th, 2018

Italy slides into recession, darkening outlook for Europe

MILAN - Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that have haunted the bloc in the past. The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2 percent in the fourth quarter of 2018, the national statistics agency said. Following a 0.1 percent drop in the previous three-month period that means Italy is in a technical recession, defined as two straight quarters of economic contraction --- just four years after its last one. Italy's recession is one reason why the wider eurozone slowed in 2018, along with uncertainties related to Brexit...Keep on reading: Italy slides into recession, darkening outlook for Europe.....»»

Category: newsSource:  inquirerRelated NewsJan 31st, 2019

PH growth slows, misses 2018 target

The economy picked up in the last three months of 2018 but the marginal gain was not enough to lift full-year growth to within the government’s target. High prices were…READ The post PH growth slows, misses 2018 target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 25th, 2019

GDP growth slows to 6.2%; Palace blames high inflation

Malacaang on Thursday blamed the economy's slower expansion in 2018 on last year's high inflation after the country's gross domestic product (GDP) posted a below-expectation 6.2-percent growth.   The Palace is not dismayed with the results, however, and said it would only push the Duterte administration to work harder to achieve its target.   "That was because of the inflation; the inflation rate was the problem. That's what our economic managers said," presidential spokesperson Salvador Panelo said at a press briefing.   "You always have a concern when you don't reach a certain target. But you work harder so that you can reach it the next time," he added...Keep on reading: GDP growth slows to 6.2%; Palace blames high inflation.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

PH economy slows to 6.2% in 2018

PH economy slows to 6.2% in 2018.....»»

Category: newsSource:  cnnphilippinesRelated NewsJan 24th, 2019

Philippine posts weakest growth in 3 years, challenges loom

MANILA — The Philippine economy has grown by more than 6 percent for seven straight years, but 2018’s pace was the slowest in three years and weak exports, manufacturing and farm output increase challenges to achieving fast growth in 2019. Some economists say that if growth slows more, the central bank — which hiked rates five times […] The post Philippine posts weakest growth in 3 years, challenges loom appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsJan 24th, 2019

Economy expands 6.1% in fourth quarter, 6.2% in 2018

THE Philippine economy posted a 6.1% gross domestic product (GDP) growth in the fourth quarter of 2018, the Philippine Statistics Authority (PSA) reported this morning......»»

Category: financeSource:  bworldonlineRelated NewsJan 24th, 2019

Palace blames inflation for missed 2018 GDP growth target

MANILA, Philippines --- Last year's inflation, which hit a new 10-year high, is to blame for the Philippine economy's slower pace in 2018, Malacaang said Thursday.   Presidential Spokesperson Salvador Panelo made the remark after the economy grew 6.2 percent in 2018 as the 2018 fourth quarter Gross Domestic Product (GDP) settled at 6.1 percent, bringing the full-year average below the 6.5-6.9 percent goal.   READ: PH missed 2018 GDP growth goal due to high prices   "That was because of the inflation eh. Inflation rate ang naging problema, 'yan ang sinasabi ng economic managers," Panelo said in a Palace briefing, adding that the full-year average is just "...Keep on reading: Palace blames inflation for missed 2018 GDP growth target.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

2018 Q4 GDP at 6.1%

The country’s domestic output or the gross domestic product (GDP) increased slightly for the last quarter of 2018. Socioeconomic Planning Secretary Ernesto Pernia announced a 6.1 percent GDP growth for the October to December 2018 period versus the recorded six percent expansion in the last quarter. “The Philippine economy grew 6.1 percent in the fourth […].....»»

Category: newsSource:  tribuneRelated NewsJan 24th, 2019

Agriculture output slows down in Q4 of 2018

PHILIPPINE agriculture sector slowed down to 1.8 percent in the last quarter of 2018, according to the Philippine Statistics Authority (PSA). In its quarterly Performance of Philippine Agriculture report, the…READ The post Agriculture output slows down in Q4 of 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 23rd, 2019

Agriculture output slows down in Q4 of 2018 | The Manila Times Online

PHILIPPINE agriculture sector slowed down to 1.8 percent in the last quarter of 2018, according to the Philippine Statistics Authority (PSA). In its quarterly Performance of Philippine Agriculture rep.....»»

Category: newsSource:  manilanewsRelated NewsJan 23rd, 2019

2018 China growth slowest in 28 years

BEIJING: China’s economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US…READ The post 2018 China growth slowest in 28 years appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 21st, 2019

Economy poised for 2019 comeback | Inquirer Business

Policymakers expect the countrys economic growth in the fourth quarter of 2018 to be capped by measures the government implemented to bring inflation under controlmoves that ultimately affected market.....»»

Category: newsSource:  philippinetimesRelated NewsJan 21st, 2019

Global Ferronickel holds ore shipments to China steady as economy cools

MANILA — Philippines nickel ore miner, Global Ferronickel Holdings, Inc., said on Thursday it aims to ship 5.7 million wet metric tons (WMT) to China this year, in line with 2018, as China’s cooling economy slows expected demand......»»

Category: financeSource:  bworldonlineRelated NewsJan 17th, 2019

DOF: As inflation slows, PH economy to make comeback in 2019

With inflation seen to ease and return within government target this year, economic growth is expected to "pick up steam" in 2019, according to the Department of Finance (DOF). In a statement, the DOF said it was attributing expectations of a "marked slowdown" in headline inflation this year to the "prompt and decisive" measures undertaken by the economic team last year after the rate of increase in prices of basic commodities hit over nine-year highs. "When inflation spiked in 2018 to above 6 percent starting in August, the Cabinet's economic development cluster (EDC) led by Finance Secretary Carlos Dominguez III recommended a slew of measures that would help ease the impact of el...Keep on reading: DOF: As inflation slows, PH economy to make comeback in 2019.....»»

Category: newsSource:  inquirerRelated NewsJan 1st, 2019

Gross domestic product quarterly performance (Q3 2018)

THE PHILIPPINE ECONOMY grew at its slowest pace in three years last quarter, weighed down by tempered household spending amid high inflation and farm contraction, the Philippine Statistics Authority (PSA) said on Thursday. Read the full story......»»

Category: financeSource:  bworldonlineRelated NewsNov 8th, 2018

Economy grows at slower 6.1% pace in third quarter of 2018

The economy continued its growth streak of at least six percent for the 14th consecutive quarter but failed to keep up with market expectations, growing by 6.1 percent in the third quarter this year......»»

Category: financeSource:  philstarRelated NewsNov 8th, 2018

DoF sees 6.5% GDP growth in Q3 

GOVERNMENT spending and manufacturing growth likely supported the Philippine economy to rise by 6.5 percent in the third quarter of 2018, the Department of Finance (DoF) said on Wednesday. “We...READ MORE The post DoF sees 6.5% GDP growth in Q3  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 7th, 2018

‘PH economy likely grew in Q3 on investments, exports’

ROBUST private and public spending, as well as increased exports, likely caused the Philippine economy to rise by more than 6 percent in the third quarter of 2018, First Metro...READ MORE The post ‘PH economy likely grew in Q3 on investments, exports’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 30th, 2018

Philippines cuts 2018 GDP growth goal, raises inflation targets

MANILA — The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia’s fastest growing economies. The economy grew 6.0 percent in the second quarter, the slowest in almost three years, raising the challenge […] The post Philippines cuts 2018 GDP growth goal, raises inflation targets appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2018