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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: bworldonline bworldonlineNov 8th, 2018

Gross domestic product quarterly performance (Q2 2018)

THE Philippine economy grew to its slowest pace in three years in the second quarter, leading some analysts to downgrade their forecasts despite the country remaining as one of Asia’s fastest-growing economies. Read the full story. The post Gross domestic product quarterly performance (Q2 2018) appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 9th, 2018

Philippine trade year-on-year performance (September 2018)

THE CONTINUING surge of merchandise imports and drop in products sold abroad pushed the country’s trade in goods deficit further towards the $4-billion mark in September, the Philippine Statistics Authority (PSA) said on Wednesday on the eve of its third-quarter gross domestic product (GDP) report......»»

Category: financeSource:  bworldonlineRelated NewsNov 7th, 2018

Comment on Economy grows 6.8% in Q1 but Pernia says inflation a ‘spoiler’ by Gross domestic product quarterly performance-Times of News Philippines

[…] THE Philippine economy grew in the first quarter on the back of double-digit growth in government spending, but could have performed better if it were not for the nagging inflation that tempered household spending, the government reported yesterday. Read the full story. […].....»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2018

GDP growth seen at slower 6.5% in 2018

The economy likely grew by 6.5 percent in 2018, within the lower range of the government’s gross domestic product (GDP) growth target for that year, the Department of Budget and Management (DBM) said yesterday......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2019

Infrastructure-to-GDP ratio likely eased to 6.2% in 2018

Infrastructure spending likely reached 6.2 percent of gross domestic product in 2018, according to the Department of Budget and Management......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2019

‘Build, Build, Build’ widened budget deficit by 96% to P477.2B at end-November

  The budget deficit almost doubled to P477.2 billion at end-November as the growth in government spending on public goods and services, especially infrastructure, outpaced revenue collections during the first 11 months. The latest Bureau of Treasury data released Thursday showed that the 11-month deficit ran by the national government was 96-percent wider than the P243.5 billion posted a year ago. In a statement, the Treasury noted that the fiscal deficit as of November already accounted for 91 percent of the 2018 program worth P523.7 billion, a cap equivalent to 3 percent of gross domestic product (GDP). The Duterte administration had programmed yearly budget deficit c...Keep on reading: ‘Build, Build, Build’ widened budget deficit by 96% to P477.2B at end-November.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2018

World Bank trims Philippines’ GDP growth forecast for 2018, 2019

MANILA—The World Bank said on Friday it slightly cut its gross domestic product (GDP) growth forecast for the Philippines as persistently high inflation eats into consumer spending. The Philippine economy, among the fastest growing in Asia, is seen expanding by 6.4 percent in 2018 and 6.5 percent in 2019, a tad lower versus the October […] The post World Bank trims Philippines’ GDP growth forecast for 2018, 2019 appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsDec 21st, 2018

Biz leader optimistic Davao can surpass 2018 GRDP target

DAVAO CITY (MindaNews / 18 Dec) – Davao City Chamber of Commerce and Industry Inc. (DCCCII) president Arturo Milan said he is optimistic that Davao Region can surpass the target gross regional domestic product (GRDP) of 9.2% to 10.2% in 2018. In an interview on Monday, Milan said the region may overshoot the target due […].....»»

Category: newsSource:  mindanewsRelated NewsDec 18th, 2018

Senate cautioned that reenacted budget could weigh on growth

THE PHILIPPINES’ gross domestic product (GDP) growth may lose 1.1-2.3 percentage points should the 2018 national budget be reenacted for the whole year in 2019, according to estimates which state economic managers submitted to the Senate on Monday......»»

Category: financeSource:  bworldonlineRelated NewsDec 10th, 2018

Government debt inches up to 42.3% of GDP in third quarter of 2018

The share of the national government’s gross borrowings to the country’s gross domestic product slightly widened to 42.3 percent in the third quarter of the year with the continued rise in the government’s debt stock, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsDec 7th, 2018

Philippines to meet budget deficit target in 2018, says DOF

MANILA, Philippines – With quicker government spending, Finance Secretary Carlos Dominguez III said the Philippines will hit its fiscal deficit target of 3% of the gross domestic product (GDP) this year. The Philippine government has spent P2.796 trillion out of the  P3.767-trillion national budget for 2018  for the first 10 months of the year, higher ........»»

Category: newsSource:  rapplerRelated NewsNov 28th, 2018

PSEi falls over 2% ahead of GDP data

THE stock market retreated by more than 2 percent on Wednesday as investors sold off over pessimism on the Philippines’ gross domestic product (GDP) for the third quarter of 2018....READ MORE The post PSEi falls over 2% ahead of GDP data appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 7th, 2018

Finance dept: GDP likely rose 6.5% in third quarter

THE Philippines’ gross domestic product (GDP) likely grew by 6.5 percent in the third quarter of 2018 on the back of increases in government spending and manufacturing, the Department of...READ MORE The post Finance dept: GDP likely rose 6.5% in third quarter appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 7th, 2018

Gov t cuts GDP growth target for 2018

Due to slower gross domestic product (GDP) growth in the first half, economic managers on Tuesday cut the target range for 2018 to 6.5-6.9 percent even as they unveiled strategies to boost economic.....»»

Category: newsSource:  philippinetimesRelated NewsOct 17th, 2018

Economic team cuts GDP growth target for 2018

Due to slower gross domestic product (GDP) growth in the first half, economic managers on Tuesday cut the target range for 2018 to 6.5-6.9 percent even as they unveiled strategies to boost economic.....»»

Category: newsSource:  philippinetimesRelated NewsOct 16th, 2018

World Bank cuts 2018 PH forecast

The World Bank has joined other multilateral organizations in cutting growth forecasts for the Philippines, on Thursday announcing changes to its 2018 outlook given above-target inflation and rising global uncertainties. The Washington-based lender, in its Philippines Economic Update, said it now expected the country to post gross domestic product growth (GDP) of 6.5 percent this [...] The post World Bank cuts 2018 PH forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 4th, 2018

Sun Life lowers PH growth outlook

Sun Life Financial Philippines has cut its 2018 growth outlook for the Philippines given above-target inflation. “We are expecting GDP (gross domestic product) [growth]for the year to average to 6.4 percent adjusted lower from 7 percent forecast,” Sun Life Chief Investments Officer Michael Enriquez said in a briefing on Tuesday. The forecast is lower than last [...] The post Sun Life lowers PH growth outlook appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 2nd, 2018

DBCC likely to keep 2018 targets – Diokno

Macroeconomic assumptions for this year will likely be maintained during a mid-October review despite challenges such as above-target inflation and a weaker peso, a Cabinet official said on Monday. Budget Secretary Benjamin Diokno told reporters that the inter-agency Development Budget Coordination Committee (DBCC) was looking to keep the 2018 gross domestic product (GDP) goal at [...] The post DBCC likely to keep 2018 targets – Diokno appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 1st, 2018

IMF cuts PH GDP growth forecast

AFP FILE PHOTO Due to slower-than-expected second-quarter expansion, the International Monetary Fund (IMF) has cut its 2018 gross domestic product (GDP) growth projection for the Philippines to 6.5.....»»

Category: newsSource:  philippinetimesRelated NewsSep 30th, 2018

IMF cuts PH growth forecast

Due to a slower-than-expected second-quarter expansion, the International Monetary Fund has cut its 2018 gross domestic product (GDP) growth projection for the Philippines to 6.5 percent. In a pres.....»»

Category: newsSource:  philippinetimesRelated NewsSep 30th, 2018